Transfer Affidavit Valued For Property
Description
How to fill out Wisconsin Transfer By Affidavit For Estates Valued Under $50,000?
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FAQ
State Law requires a Property Transfer Affidavit to be filed whenever real estate is transferred (even if you are not recording a deed).
The State of Wisconsin allows its residents to utilize a Transfer by Affidavit to avoid probate when the decedent's estate does not exceed $50,000 in gross value.
Affidavit must be filed by the new owner with the assessor for the city or township where the property is located within 45 days of the transfer. The information on this form is NOT CONFIDENTIAL.
The Property Transfer Affidavit is used to inform the assessor of the transfer (sale, inheritance, etc.) of property. The Property Transfer Affidavit is a result of the Proposal A reforms which 'caps', or limits, the rate of increase of your property's "taxable value" (the value used to calculate your tax bill).