Under Wisconsin Statutes §§ 77.21–77.25, the real estate transfer fee applies to most conveyances of Wisconsin real property. Which of the following transactions is NOT exempt from the Wisconsin real estate transfer fee?
Correct Answer
D) A sale of a commercial property between two unrelated parties for $650,000
A sale of commercial property between two unrelated parties for $650,000 is a standard taxable conveyance and is NOT exempt from the Wisconsin real estate transfer fee. The fee of $0.30 per $100 applies to this transaction, and a Real Estate Transfer Return (Form PE-500) must be filed. This is the type of arm's-length transaction the transfer fee is specifically designed to capture.
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The income approach estimates a property's value based on the income it generates by converting net operating income into a value estimate using a capitalization rate. It is the preferred method for income-producing properties.
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