Wis. Admin. Code Department of Revenue Tax 15.05 - Exemption from fee
Conveyance of real property pursuant to any of the exemptions listed in s. 77.25, Stats., are not subject to the payment of real estate transfer fee except that returns are required at the time of recording.
(1) Conveyances
from the United States, its agencies or instrumentalities are not subject to
the fee imposed under s.
77.22(1),
Stats.
(2) Conveyances from the
state, its instrumentalities, agencies and subdivisions are not subject to the
fee imposed under s. 77.22(1),
Stats.
(3) A certificate of
termination issued by the county court upon petition by interested persons in
the realty upon the death of a person holding a life estate in real property or
upon the death of a person who is a joint tenant in real property would be a
conveyance as defined in s.
77.21(1),
Stats., since it transfers an interest in real estate. This conveyance is
exempt from the real estate transfer fee by virtue of s.
77.25(11),
Stats., as a conveyance by descent or survivorship.
(4) Conveyances between husband and wife
pursuant to a divorce decree are not subject to the fee but a return must be
submitted. The value of property transferred shall be stated on the real estate
transfer return.
(6) Conveyances of
cemetery lots, as distinct from land conveyed for use as a cemetery, are not
subject to s. 77.22(1),
Stats.
Notes
This section interprets s. 77.25, Stats.
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