Sibling A receives property 1, sibling B receives property 2, and sibling C receives property 3. How do you complete the transfer returns when there is an uneven division of real estate among co-owners? Assume three siblings jointly own three properties: Property 1 has a fair market value of $60,000, and properties 2 and 3 have a value of $90,000 each.Is a transfer fee due on the value of each condo unit, or does Exemption 5, on partition apply? Two single-member LLCs hold title as tenants-in-common to six condominium units and are interested in splitting up these properties.Is a transfer fee due, or is there an exemption available? An aunt, uncle, niece and nephew all own a single parcel together and want to partition it into four equal lots, with one lot going to each party.Is a transfer fee due or can an exemption be used? The individuals now own two parcels that they would like to transfer so each individual owns his own parcel. Two individuals own a piece of land that is now split into two parcels.What is the value subject to transfer fee? The mortgage is $360,000 and the real estate value is $300,000 for the properties. One son is deeding his one-third interest in each property to his father and brother. A father and two sons own one-third each on three properties.Are we exempt from fee and how do we complete the eRETR? We are assuming the mortgage to pay the remaining $77,000. My father is giving my spouse and I a home valued at $121,000.If parents gift their home to their son and daughter-in-law, is it exempt under state law (sec.Is there a transfer fee due on this amount? A mother sold the family home to her son and daughter-in-law.
Is a transfer return required for a lot line correction?
Is the property lister responsible for adding or deleting parcel numbers on an Electronic Real Estate Transfer Return that are wrong, incomplete or missing?.Does a transfer return need to be filed when filing the deed combining the lots? Before a garage can be built on the vacant parcel, the parcels must be combined under one legal description for zoning purposes. There are two adjoining parcels with two tax parcel numbers.Is there an exemption that applies for a conveyance to or from a nonprofit organization or church?.
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