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Tuesday, December 1, 2009

What is “Real Estate Transfer Tax?”

What is “Real Estate Transfer Tax?”

Real estate transfer taxes (sometimes called deed recordation taxes) are imposed on the sale or transfer of real property located in the state. The tax is usually based on or measured by the consideration paid for or the fair market value of the real estate. The tax is commonly collected by the local official responsible for recording deeds to real estate, and it must be paid prior to the deed to the property being recorded.

This fee is paid by the seller.

The Wisconsin rates are $.30 per $100 of value, Example a $100,000 Home would cost the seller $300. at closing

From Scott Larson of Towne Square Realty in Monroe, Wisconsin

“Your Realtor of the Region”

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I think you will be surprised how affordable the Dairyland is,

so come to my land of cows and plows and visit for a day, but stay for a lifetime

608-2124-9844 Direct

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