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A real estate transfer tax, sometimes called a deed transfer tax or documentary stamp tax, is a one-time tax or fee imposed by a state or local jurisdiction upon the transfer of real property.
Real estate transfer tax can be appointed by the authorities of state, county or commune when a real estate property is being transferred within a certain jurisdiction. Subjected to the tax is usually the act of transfer of legal deeds, certificates and titles to a property that are being shifted between the seller and the buyer.
Real estate transfer taxes have become controversial in some U.S. jurisdictions seeking to increase transfer taxes on higher end property sales to help combat issues like homelessness. 2022's Chicago's Bring Chicago Home initiative, seeks to increase transfer taxes on $1 million transactions by 253% or t o 2.65% or $26,500 per million dollar of ...
For example, the top transfer fee listed here is for $1,239.60. Dividing that fee by 0.003 gives you the purchase price of $413,200. Similarly, real estate sold at a price of $100,000 would have a ...
The Willow Reservoir or Willow Flowage is an artificial lake in Oneida County, Wisconsin formed by a dam on the Tomahawk River. The dam and reservoir level are controlled by the Wisconsin Valley Improvement Company as part of regulating the overall flow of the upper Wisconsin River. When full, Willow Reservoir has a surface area of 6306 acres. [1]
Following is a list of dams and reservoirs in Wisconsin.. All major dams are linked below. The National Inventory of Dams defines any "major dam" as being 50 feet (15 m) tall with a storage capacity of at least 5,000 acre-feet (6,200,000 m 3), or of any height with a storage capacity of 25,000 acre-feet (31,000,000 m 3).
There are 428 named lakes in Oneida County, Wisconsin, along with 701 with no names. Together they make up 68,447 acres of surface area. Willow Flowage, at 6,306 acres, is the largest. Oneida County is the county with the second largest number of lakes in Wisconsin, after neighboring Vilas County. [1] Named lakes are listed below.
Taxpayers who hold real estate as inventory, or who purchase real estate for re-sale, are considered "dealers". These properties are not eligible for Section 1031 treatment. However, if a taxpayer is a dealer and also an investor, he or she can use Section 1031 on qualifying like properties.