Get Vt Dot Ptt-172 (formerly Pt-172) 2017

Filling out the VT DoT PTT-172 form online is a crucial step in the property transfer process in Vermont. This guide outlines clear steps to assist you in accurately completing this important document with ease.

Follow the steps to successfully complete the form.

1. Click ‘Get Form’ button to obtain the form and open it for editing.
2. Begin by entering the web request key or confirmation code if required. This field may verify your submission.
3. Provide the transferor's (seller's) information, including their name, federal ID number or social security number, and mailing address following transfer. Ensure each line of the address is filled out completely, including city, state, and ZIP code.
4. Next, fill in the transferee's (buyer's) information with the same level of detail as the transferor, including name, federal ID number or social security number, and mailing address.
5. In the property information section, specify the physical location of the property, land size in acres, city or town, and the SPAN (School Property Account Number). Each of these details is essential for property identification.
6. Indicate whether the sale did not involve land or if the property is located in multiple cities or towns by checking the respective boxes.
7. Fill in the holding period by providing the date acquired by the transferor and the date of this closing. Include the time held in years and months.
8. If applicable, enter any exemptions for property transfer tax, along with exemption numbers and required descriptions.
9. Provide detailed transfer information regarding how the transferor acquired the property, the interest conveyed in this transfer, and the type of building construction at the time of transfer. Respond to related sub-questions as necessary.
10. Indicate if the transferee was a tenant prior to the transfer and provide information regarding financing options.
11. Complete the certification for real estate withholding, confirming if the Vermont income tax has been withheld from the purchase price.
12. Calculate the tax due based on the provided values and specific tax rates. Complete all calculations related to the special principal residence rate and general rate property.
13. Finally, review the completed form for accuracy. You can save changes, download the form for your records, print it, or share it as needed.

Complete your documents online today for a hassle-free submission process.