<\/span><\/h2>\nTo complete the Realty Transfer Tax Statement of Value accurately, follow these steps:<\/p>\n
1. **Section A: Property Information:** Fill in the property address, municipality, county or city, and the date of transfer.<\/p>\n
2. **Section B: Transferor Information:** Provide the information of the person or entity transferring the property, including their name, address, and federal employer identification number (FEIN) or social security number (SSN).<\/p>\n
3. **Section C: Transferee Information:** Enter the details of the person or entity acquiring the property, such as their name, address, and FEIN or SSN.<\/p>\n
4. **Section D: Purchase Price Allocations:** Indicate the total purchase price of the property. If there are any allocable items, such as personal property or other assets included in the transaction, break down the purchase price accordingly.<\/p>\n
5. **Section E: Description of Property Being Transferred:** Provide a detailed description of the property, including its type, square footage, and any improvements or structures.<\/p>\n
6. **Section F: Grantor’s Tax:** Calculate and enter the grantor’s tax based on the assessed value of the property. This value may differ depending on your jurisdiction, so consult the appropriate guidelines.<\/p>\n
7. **Section G: Grantee’s Tax:** Compute and input the grantee’s tax, which is also based on the assessed value. Again, check the specific rates applicable to your jurisdiction.<\/p>\n
8. **Section H: Total Tax Due\/Exempt from Tax:** Sum up the grantor’s and grantee’s tax to determine the total tax due. If the transfer is exempt from tax, provide the exemption code and any supporting documentation as required.<\/p>\n
9. **Section I: Financing Information:** If there is financing involved in the transaction, disclose the details in this section.<\/p>\n
10. **Section J: Settlement Calculation:** Calculate the net amount due to or from the transferor or transferee based on the tax due, financing, and any other agreed-upon adjustments.<\/p>\n
11. **Section K: Signature and Certification:** Sign and date the statement of value, certifying that the information provided is complete and accurate to the best of your knowledge.<\/p>\n
12. **Section L: Additional Information:** Add any additional information or explanations necessary to clarify the transaction.<\/p>\n