Form Pe-500 - Instructions For Wisconsin Real Estate Transfer Return printable pdf download

INSTRUCTIONS FOR WISCONSIN REAL ESTATE TRANSFER RETURN

(PE-500 Rev. 7-98)

This form will be scanned by an electronic scanner. It is imperative that all areas be typed or printed CLEARLY in black ink. Attached

addendums MUST be on 8

" x 11" or 8

" x 14" paper with 1/2 inch margins and must include the names of the grantor and grantee.

Please DO NOT use correction fluid (wite-out) when making corrections. Correction tape may be used. A script font is NOT ACCEPTABLE.

When typing, you should ignore the boxes and type through the vertical blue lines. Do not leave spaces between characters in a word.

Information must be kept within the white area.

A complete return is required for all conveyances of ownership interest in real estate except: easements, leases and conveyances exempt from a

fee per Section 77.25(1),(2r), (4), and (11) of the Wisconsin Statutes (see PART VII). Upon completion, submit the original return (PE-500) along

with the instrument of conveyance (deed) to the Register of Deeds Office in the county where the property is located. The Register of Deeds will

not record your deed unless the return is filled out completely. You may wish to photocopy the return before submission for your records because

the Register of Deeds will not provide you a copy of the return. Make check payable to REGISTER OF DEEDS, if a transfer fee is due per

PART VII. Photocopies of the transfer return will not be accepted for recording.

NOTE: Every line of the form which requires an answer must be completed. If any required space is left blank, the form is incomplete and will

not be accepted. Certain areas of the form may provide more ovals & spaces for entry than what are necessary for completion. Any extra ovals &

spaces should be left blank. Make sure no unnecessary marks appear in any of the ovals & spaces on this form. Fill in ovals completely if

printing or with an “X” if typing.

Numbers in parenthesis in these instructions refer to entry numbers on the return (PE-500).

PART I – GRANTOR: Person conveying an interest in the property (seller, if property is transferred by a sale).

Mark the oval if more than one grantor is conveying property and an addendum may be attached with additional grantor information. If

grantor is a trust or an estate, enter the name of the trust or the estate.

(1-8)

Enter full name(s) with middle initial, and Social Security Number(s) or FEIN(s) (Federal Employer’s Identification Number). Both

lines may be completed if more than one grantor. Husband and wife should each use a separate line. One grantor is mandatory.

(9-12)

Address must be completed. Address “Not Available” is unacceptable. Boxes are provided for zip code + 4.

(13)

Mark appropriate oval describing the grantor. If “Other” is marked, explain in space provided.

PART II – GRANTEE: Person receiving an interest in the property (buyer, if property is transferred by a sale).

Mark the oval if more than one grantee is receiving property and an addendum may be attached with additional grantee information. If

grantee is a trust or an estate, enter the name of the trust or the estate.

(14-21) Enter full name(s) with middle initial, and Social Security Number(s) or FEIN(s). Both lines may be completed if more than one

grantee. Husband and wife should each use a separate line. One grantee is mandatory.

(22-25) Address must be completed. This address should be the grantee’s current mailing address. (New mailing address if property purchased

is to be grantee’s residence.) Boxes are provided for zip code + 4.

(26)

Mark the oval that appropriately describes the relationship. More than one relationship may apply. Family relationship includes

husband-wife, parent-children, etc. Financial relationship includes corporate officer-shareholder, stockholder, sister corporations, lessor-

lessee, parent-subsidiary corporation. If “Family” or “Other” is marked, an explanation must be provided in space provided.

(27-33) Mark the oval that appropriately describes the address to which the tax bill should be sent. If “Other” is marked, name and address must

be written in the space provided. One of the ovals must be marked.

PART III – ENERGY

(34-36) Mark either “Yes” or “No”. If YES, submit with the deed or document of conveyance the appropriate Department of Commerce

Transfer Authorization form (Cert. of Compliance, Stipulation or Waiver). For more information, see Chapter COMM67, Wis. Adm.

Code (s.67.03 and 67.04). If NO, enter the appropriate exclusion code found on Page 3 of these instructions. Exclusion code W-11

Other, requires an explanation in the space provided. If additional space is needed, staple an attachment (8

" x 11" or 8

" x 14") to

the front center of the return.

PART IV – PROPERTY TRANSFERRED

(37-39) Mark the oval whether the property transferred is located in a city, village or town and enter the name of the municipality and the county

in the space provided.

(40)

Enter street address of the property transferred. If improved rural property with no street address, list the fire number. If vacant

property, list abutting road name or road nearest to transferred property.

(41)(a-b) Enter the property tax parcel number(s) in the space provided. The number(s) can most readily be obtained from the property tax bill at

the time taxes are prorated during the closing. This number(s) is also the same as shown on the deed. Space is provided for up to 2

parcel numbers. If more than two, attach an addendum (8

" x 11" or 8

" x 14") to the front center of the return with additional

numbers. The parcel numbers do not have to fill all 25 spaces provided.

(42-44) Enter lot number, block number and plat name if it applies. If not applicable, leave blank. If more than one lot and block, list in area

(48) Legal Description.

(45-47) Enter section, township, and range in which the property is located. If property is located in more than one section, township and range,

enter primary section, township and range. “Primary” means where the improvements are located. If vacant land, “primary” means

where the majority of land is located.

(48)

The legal description is the legally accepted statement which identifies the location and boundaries of the transferred property and can be

found on the instrument of conveyance (deed, etc.). Type the full legal description in the space provided. If additional space is required,

attach an addendum of the legal description on a separate sheet of paper (8

" x 11" or 8

" x 14") stapled to the front center of the

return. If a certified survey map (CSM), type its’ map number, volume and page number.

PART V – PHYSICAL DESCRIPTION AND GRANTEE'S PRIMARY USE OF PROPERTY

(49)

Mark the oval that best describes the type of property.

• If “Other” is marked, explain (e.g., timber rights, mineral rights, air rights, easement, building only) in space provided.

• If land is with well and septic only, mark “land and building(s).”

PE-500A (R. 7-98)

Wisconsin Department of Revenue

Form Pe-500 - Instructions For Wisconsin Real Estate Transfer Return

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