Instructions For Wisconsin Real Estate Transfer Return (Page 3 of 4) in pdf

• If Multi-family, enter number of units.

as to the usability of the sale by the local assessor or Wis-

consin Department of Revenue. Such questions can often be

• If Time Share unit, check appropriate box.

resolved over the telephone.

• If Agricultural, answer question yes or no.

(62-66) If the grantee wishes the tax bill for the property to be

• If Commercial, describe the type of business use in space

sent to an address other than the grantee’s address, these

provided. (Examples: TAVERN, OFFICE, GAS STA-

Lines MUST be filled out completely. The box beneath Line

TION)

8 in Part II MUST BE ChECKED.

• If Manufacturing/Telephone Company, describe type

of business use. (Examples: TELEPhONE, CHEESE

(67-73) Grantor information. GRANTOR: Person conveying an

interest in the property (seller, if property is transferred by a

FACTORY, PRINT SHOP, SAW MILL)

sale). Address and telephone number must be completed. Ad-

• If Utility, describe type of utility. (Examples: RAILROAD,

dress “Not Available” is unacceptable. Zip code + 4 provided

AIRLINE, PIPELINE)

for. See NOTE on Page 1 in Part II, Lines 7 - 10 of these

• If Miscellaneous, describe intended use. (Examples:

instructions regarding address. Grantor or Agent MUST

RECREATIONAL, FORESTRY)

DATE AND SIGN. Please attempt to keep signature within

space provided.

(46b) If the property is to be the grantee’s primary residence,

check box. A primary residence is the location grantee resides

(74-76) Grantee information. GRANTEE: Person receiving

for the greater part of the year; no one can have more than

an interest in the property (buyer, if property is transferred

one primary residence.

by a sale). Address was provided on Page 1, Lines 7 - 10.

Telephone number must be completed. Grantee or Agent

(47a-b) Enter actual lot size (rounded to nearest whole foot)

MUST DATE AND SIGN. Please attempt to keep signature

in space provided or enter number of acres (rounded to

within space provided.

nearest tenth of an acre) in space provided, whichever is

most appropriate. One or the other must have an entry un-

ENERGY AND EXCLUSIONS – PART IX Line 51

less property is a condominium. (If condominium, check box

as appropriate and go to Line 50.) If actual size or acres are

Codes Energy – Exclusion From Commerce’s Rental Weath-

unknown, enter your best estimate.

erization Program

(48) Enter number of acres (rounded to nearest whole acre)

Refer to eRETR Instructions for complete explanation of

under Managed Forest Lands (MFL) or Private Forest Crop

the code: https://ww2.revenue.wi.gov/GenericFile/help/eR-

(PFC) in the space provided. These are DNR Forestry Pro-

etr/detail.htm

grams found in Chapter 77 of the Wisconsin Statutes. NOTE:

W-1

OWNER-OCCUPANCY - Building has one to four units

Owners of managed forest lands and forest crop are required

by law to notify the Department of Natural Resources when

and will be occupied by purchaser as a primary or sec-

transferring ownership.

ondary residence for at least one year beginning within

60 days of transfer. Companies and corporations do not

(49) Enter number of feet of water frontage in the space provided.

qualify for this exclusion. An owner may claim not more

If exact footage is unknown, enter your best estimate.

than 2 dwelling units as owner-occupied. In multiple-use

buildings, an owner may claim W-1 only if the residential

PART IX – ENERGY AND EXCLUSIONS

portion of the building is occupied by the owner. (Mix of

residential and nonresidential)

(50-52) Mark either “Yes” or “No”. If YES, submit with the deed

W-3

TRANSFER FEE EXEMPT - This is an exempt transfer

or document of conveyance the appropriate Department of

per section 77.25, STATS. not including 77.25(2) or (2g)).

Commerce Transfer Authorization form (Cert. of Compliance,

See Page 4 for transfer fee exemptions.

Stipulation or Waiver). For more information, see Chapter

COMM67, Wis. Adm. Code (s. 67.03 and 67.04). If NO, enter

W-4

SEASONAL USE - Dwelling unit(s) will not be rented

the appropriate exclusion code found on Page 3 of these

between November 1 and March 31 of each year. For

instructions. Exclusion code W-11 Other, requires an adden-

vacation homes and cottages that will never be rented out

dum for explanation. If exclusion code W-12, enter document

during the heating season. Does not include rehabilitated

number of the recorded Certificate of Compliance from DILhR

or renovated properties temporarily vacant while being

or Department of Commerce on Line 5.

worked on.

W-5

LICENSED FACILITIES - Building is a Department of

PART X – CERTIFICATION: Any transfer of property in

Health and Family Services regulated Hospital, Nursing

Wisconsin must be reported regardless of the grantor’s

Home, Hotel, Motel, Tourist Rooming House or Bed and

state of residence. Information on the return (PE-500) will

Breakfast Inn.

be used to administer Wisconsin’s laws of income tax, real

W-6

BANKRUPTCY - Transfer in court declared bankruptcy

estate transfers, rental unit energy efficiency, and general

to a party with a previous financial interest in the building

property tax. This information may also be provided to the

prior to this transaction such as a lender or seller under a

Federal Government for use in the administration of federal

land contract. Subsequent transfers are not excluded.

income tax laws.

W-7

NON-RESIDENTIAL - Vacant land, nonresidential property

(53-59) If an agent is signing for the grantor or grantee, then

or manufactured (mobile) home. No building may be clas-

the agent’s full name must be entered in the space provided.

sified as nonresidential if there are one or more residential

The agent’s address and telephone number must also be

units in the structure. Mixed-use buildings such as com-

completed. If both grantor and grantee have an agent, enter

mercial use and residential use are not excluded.

information for grantor’s agent.

W-8

ENERGY CODE COMPLIANT - Building constructed after

December 1, 1978 which contains 1 or 2 dwelling units; or

(60-61) Enter the full name and telephone number of preparer of

any building with more than dwelling units constructed

this form if someone other than grantor or grantee. If a firm,

after April 15, 1976. Use the date the owner submitted for

enter name and telephone number of the firm. Telephone

a permit or plan approval from the municipality or Depart-

numbers are requested in the event some uncertainty exists

ment of Commerce.

Instructions For Wisconsin Real Estate Transfer Return Page 3

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