VT DoT PTT-172 (formerly PT-172) 2017 free printable template

VERMONT Property Transfer Tax Return A. PT-172 081721199 Replaces Form PT-1 Form SELLER S TRANSFEROR S INFORMATION BLACK OUT ON TOWN COPY ONLY Entity SELLER 1 Federal ID number Individual SELLER 1 Social Security Number First Name Initial City or Town State Zip Code TOTAL number of SELLERS B. Farm. Other. Woodland. Miscellaneous. Attachment for Additional Use Form PT-172-B to list additional BUYERS SELLERS PT-172-S Entity SELLER 2 Name Entity SELLER 3 or Individual SELLER 4 Mailing Address...

How to fill out state of vermont property

How to fill out VT DoT PTT-172 (formerly PT-172)

1. Obtain the VT DoT PTT-172 form from the Vermont Department of Transportation's website or office.
2. Fill out the applicant's information, including name, address, and contact details.
3. Provide vehicle information, such as make, model, year, and VIN (Vehicle Identification Number).
4. Indicate the purpose of the application, whether it is for a new title, registration, or other services.
5. Complete any required declarations or statements regarding the vehicle's history.
6. Sign and date the form at the designated spot.
7. Submit the completed form along with any required documentation and fees to the appropriate VT DoT office.

Who needs VT DoT PTT-172 (formerly PT-172)?

1. Individuals or businesses seeking to register a vehicle in Vermont.
2. People looking to apply for a title for a vehicle in Vermont.
3. Anyone who has recently purchased a vehicle and needs to formalize ownership.
4. Entities involved in transferring vehicle ownership.

People Also Ask about

How much is the Vermont real estate transfer tax?

Vermont Property transfer tax The amount of the transfer tax is generally 1.45 % of the purchase price. The tax is discounted to one half of one percent for the first $100,000.00 of the purchase price if you use the property as your primary residence. Learn more about tax considerations here.

How much is transfer tax in Vermont?

A primary residence in Vermont pays at a varying rate – 0.5% on the first $100,000 in value and then 1.45% (really 1.25% transfer tax and 0.2% clean water fee) on the remaining value. Properties other than a primary residence pay the 1.45% on all value.

How is Vermont property transfer tax calculated?

When a home purchase closes, the home buyer is required to pay, among other closing costs, the Vermont Property Transfer Tax. The buyer is taxed is at a rate of 0.5% of the first $100,000 of the home's value and 1.45% of the remaining portion of the value.

Who pays transfer tax in VT?

Who Pays Transfer Taxes in Vermont: the Buyer or the Seller? In Vermont, the home buyer traditionally pays the transfer tax as part of closing costs.

What is a PTT 172?

The Property Transfer Tax is a tax on the transfer by deed (as defined below) of title to real property in Vermont. Form PTT-172 must be filed with the town clerk whenever a deed transferring title of real property is delivered for recording.

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What is VT DoT PTT-172 (formerly PT-172)?

VT DoT PTT-172 (formerly PT-172) is a form used by the Vermont Department of Taxes to report passenger vehicle transportation tax.

Who is required to file VT DoT PTT-172 (formerly PT-172)?

Individuals and businesses that operate passenger vehicles for hire in Vermont are required to file VT DoT PTT-172.

How to fill out VT DoT PTT-172 (formerly PT-172)?

To fill out VT DoT PTT-172, provide accurate vehicle and operational details, including the number of passengers transported, and submit the completed form to the Vermont Department of Taxes.

What is the purpose of VT DoT PTT-172 (formerly PT-172)?

The purpose of VT DoT PTT-172 is to collect transportation taxes from operators providing passenger vehicle services in Vermont.

What information must be reported on VT DoT PTT-172 (formerly PT-172)?

Information required includes the vehicle identification number, passenger capacity, total miles driven for hire, and the total amount of fares collected.