Wisconsin Legal Description and Well or Unit Information play vital roles in the real estate and energy industries within the state. Let's delve into each of these components separately: Wisconsin Legal Description: A Wisconsin legal description refers to a precise and detailed description of a land property within the state. It is used to accurately identify and define the boundaries and location of a specific piece of land. Legal descriptions are utilized for various purposes, including property sales, tax assessment, land surveying, and recording legal documents. There are different types of legal descriptions commonly used in Wisconsin, which include: 1. Metes and Bounds: This method describes the property boundaries by referring to physical landmarks, distances, angles, and compass directions. It typically starts at a specific point (called the point of beginning) and traces the perimeter of the property using these measurements. Keywords: Wisconsin metes and bounds legal description, property boundaries, physical landmarks, point of beginning. 2. Plat Maps: Plat maps, also known as subdivision plats, are detailed maps that divide land into lots or parcels within a specific subdivision. Each lot is assigned a unique number or designation, which is used in legal descriptions to identify the property. Keywords: Wisconsin plat map legal description, subdivision plats, lot designation. Well or Unit Information: In Wisconsin, well or unit information pertains to the specific details regarding oil and gas wells, known as drilling units, within the state. These units are often created to efficiently extract oil, gas, or other minerals from underground reservoirs, while also minimizing environmental impact. The information related to wells or units includes their location, geologic formations being tapped, well ownership, and production data. Key types of well or unit information in Wisconsin include: 1. Well Location and Identification: This includes the precise coordinates (latitude and longitude) and physical location of the well. Additionally, each well is assigned a unique identification number for tracking purposes. Keywords: Wisconsin well location, well identification number, latitude and longitude. 2. Formation Information: Describes the specific geological formations being targeted or tapped by the well. This information is crucial in understanding the potential for oil, gas, or mineral extraction. Keywords: Wisconsin formation information, geological formations, oil extraction. 3. Ownership and Production Data: Details the individuals or companies that own the well and their respective interests in the production. Production data includes information on the amount of oil, gas, or minerals extracted from the well over a specific period. Keywords: Wisconsin well ownership, production data, oil extraction. It is important to note that legal descriptions and well or unit information are regulated, standardized, and recorded by appropriate authorities in Wisconsin, ensuring accuracy, consistency, and transparency for various legal and industrial purposes.
Wisconsin Legal Description and Well or Unit Information
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LEGAL DESCRIPTION your property tax bill or property deed; plat maps (available by contacting your county clerk or from various mapping companies); U.S. Geological Survey topographic maps (available by calling USGS at 1-800-872-6277);
Metes and bounds landmarks are often used in a ?legal description? of a land. Legal description is the geographical description of a land that identifies its precise location, and is kept with the deed of the land.
The legal description clarifies exactly what parcel of land is conveyed to a new owner. If a boundary dispute arises, the court will reference the legal description to determine if there are any encroachments or easements. It also affects how the property is assessed and taxed.
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State statutes specify a homeowner 65 years of age or older, or a qualifying veteran of any age, with total household income of no more than $20,000 may annually apply to the Wisconsin Housing and Economic Development Authority (WHEDA) for a loan equal to the amount of property taxes and special assessments levied on ...
A legal description is a written recorded document defining the boundaries of a property. The legal description must contain, at the very least, the city and county the property is located in. In practice, the description has to contain enough information so that a surveyor can reliably determine the boundaries later.
Transfer fee due The grantor of real estate must pay a real estate transfer fee at the rate of 30 cents for each $100 of value or fraction thereof on every conveyance not exempted or excluded under state law (sec. 77.22(1), Wis.
Oversight agency, the Wisconsin Department of Revenue. As described above, property taxes are calculated based on the tax rate multiplied by the assessed value of the property. The tax rate is a function of the property tax levy divided by the total taxable property in the city.
