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state.vt.us ePTTR Electronic Property Transfer Tax Return : Vermont Department of Taxes

Name of the Organization : Vermont Department of Taxes
Type of Facility : ePTTR Electronic Property Transfer Tax Return
Country : Vermont, USA

Website : http://tax.vermont.gov/

ePTTR Electronic Property Transfer Tax Return :

Property Transfer Tax Return (PTTR):
Welcome to the Vermont Department of Taxes Property Transfer Tax Return System

Related : Vermont Department of Taxes Tax Filing & Refund Status Service : www.statusin.org/7999.html

This service allows Property Transfer Tax Returns to be submitted electronically.
You can complete information in the order you are most comfortable with at your convenience by logging in at any time.

What You Will Need:
** All information on the property being transferred.
** Information on ALL sellers of the property.
** Information on ALL buyers of the property.

Payment Options:
You may pay the fees associated with an electronically submitted Property Transfer Tax Return via Paper Check or by having the Vermont Department of Taxes automatically deduct from a bank account. A $5.00 Enhanced Access Fee applies to all submissions regardless of payment method.

Property Transfer Tax Return Filing System :
Welcome to the online help tutorial for filing your Vermont Transfer Tax return electronically (ePTTR). For additional training on the system, please see the ePTTR Training Area on our website. If you have any questions, please email pttrexaminer AT state.vt.us.

Access Fee:
There is a fee of $5.00 for the use and maintenance of this service. The fee is due whether a tax is paid or not. The fee is paid to the Department of Taxes along with the tax.

When Is A Property Transfer Tax Return Required To Be Filed?:
The property transfer tax is a tax on the transfer by deed of title to real property in Vermont. A Property Transfer Tax Return must be filed with a town clerk whenever a deed that shows the transfer of title to real property is delivered to a town clerk for recording. A town clerk cannot record a deed unless it is accompanied by a completed Property Transfer Tax Return. The town will file this return with the Department within 30 days of receipt.

Who Is Liable For The Tax?:
The buyer (transferee) is liable for the transfer tax.

When Is The Tax Due?:
The tax is due at the time of transfer, the date of closing.

Where Is The Tax Paid?:
The tax is paid directly to:
Vermont Department of Taxes, Property Transfer Tax,
133 State Street, Montpelier VT 05633

What Documents Are Considered To Be Deeds For Property Transfer Tax Purposes?:
The following documents are considered to be deeds and must be accompanied by a completed Property Transfer Tax Return (PT-172) when they are recorded: any warranty deed; quitclaim deed; an instrument in which the grantee holds equitable title and has the right to possession, such as a bond for deed, title bond, contract to convey, executory contract for sale, installment sale, or lease for a deed; quitclaim deed, sheriff’s deed or other deed; bill of sale;

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order of a board, commission or court; or other instrument evidencing a transfer of title to real property or a grant of a life estate, perpetual easement and all leases. No return is required to be filed when the following documents are delivered to a town clerk: mortgage deed; assignment of mortgage; subrogation of mortgage;

full release or discharge of mortgage; attachment; lien; license to sell; agreement to sell; option to buy; deed of a cemetery plot; or utility line easement purchased by a public utility or municipality for $500 or less, disclaimers pursuant to 14 V.S.A. Chapter 83.

Is it mandatory to use the ePTTR submission service to file a Vermont Property Transfer Tax return?:
It is not mandatory to use the electronic submission service. You may use the booklet copy of the return at any time.
I have used the ePTTR service and would like to know where I send the transfer tax payment.

All transfer tax payments are sent to the Vermont Department of Taxes with form PT-173 payment voucher.

Since the return is now electronically filed, can I also pay electronically?:
Yes, when completing the online return in the Rates and Payment section, you can choose the ACH debit payment or paper check method. A PT-173 will print out with the PT-172 as your receipt of the transaction. You can opt to set the payment date up to two days after closing.

Can I still pay the transfer tax with a paper check?:
Yes, when completing the online return in the Rates and Payment section select ‘I will mail a paper check’.

A form PT-173 payment voucher will print out at the same time as the PT-172. This always accompanies the check you send to the department. A PT-173 is also is included a booklet return, use Buyer 1’s information to complete the form. A PT-173 must accompany all payments made with a paper check to the Tax department.

What is the $5.00 access fee and is it part of the transfer tax?:
The access fee is for the programming and maintenance of the electronic Property Transfer Tax Return service. This fee is paid along with the tax due as part of the property transfer tax payment.

I have used the ePTTR service with an exempt transfer, is there a tax due?:
No tax is due.

How do I pay the $5.00 access fee?:
You pay the $5.00 access fee either using ACH debit or with a paper check with form PT-173 payment voucher and send these together to the Vermont Department of Taxes.

If the transfer tax is due at time of transfer, when is the transfer tax return due?:
The transfer tax return is due on the date of recording, which is the day the deed and the PTTR are present for recording to the town.

What if I sent the transfer tax payment to the town by mistake?:
Towns are instructed to return the payment to the person(s) who filed the return. The person who filed should immediately mail the payment with the PT-173 to the tax department to avoid a potential penalty and interest charge for late payment. A PT-173 can be found on our website or in the Property Transfer Tax Return Booklet.

Can I electronically file the LG-1, LG-2 and Real Estate Withholding forms?:
At this time they are not available electronically. The forms are available on our website.

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