Instructions for VT Form PTT-172 Property Transfer Tax Return - Vermont

VT Form PTT-172 Vermont Property Transfer Tax Return - Vermont

This document contains official instructions for VT Form PTT-172 , Property Transfer Tax Return - a form released and collected by the Vermont Department of Taxes. An up-to-date fillable VT Form PTT-172 is available for download through this link.

FAQ

Q: What is Form PTT-172?
A: Form PTT-172 is the Property Transfer Tax Return for Vermont.

Q: When do I need to file Form PTT-172?
A: You need to file Form PTT-172 when transferring property in Vermont.

Q: What is the purpose of Form PTT-172?
A: Form PTT-172 is used to report the transfer of real property and pay the property transfer tax in Vermont.

Q: What information is required on Form PTT-172?
A: Form PTT-172 requires information about the transferee, transferor, the property being transferred, and the amount of consideration.

Q: How do I calculate the property transfer tax?
A: The property transfer tax is calculated based on the consideration paid for the property transfer. The tax rate is $1.45 per $500 of consideration.

Q: Is there a deadline for filing Form PTT-172?
A: Yes, Form PTT-172 must be filed within 30 days of the property transfer.