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This version of the form is not currently in use and is provided for reference only. Download this version of
VT Form PTT-172
for the current year.
VT Form PTT-172 Vermont Property Transfer Tax Return - Vermont
What Is VT Form PTT-172?
This is a legal form that was released by the Vermont Department of Taxes - a government authority operating within Vermont. Check the official instructions before completing and submitting the form.
FAQ
Q: What is VT Form PTT-172?
A: VT Form PTT-172 is the Vermont Property Transfer Tax Return.
Q: What is the Vermont Property Transfer Tax?
A: The Vermont Property Transfer Tax is a tax imposed on the transfer of real property in the state of Vermont.
Q: Who needs to file the VT Form PTT-172?
A: The VT Form PTT-172 needs to be filed by the seller of the real property.
Q: Why do I need to file the Vermont Property Transfer Tax Return?
A: Filing the Vermont Property Transfer Tax Return is required to calculate the amount of property transfer tax that needs to be paid.
Q: What information is required to complete the VT Form PTT-172?
A: The VT Form PTT-172 requires information about the buyer, seller, property being transferred, and the purchase price.
Q: When is the VT Form PTT-172 due?
A: The Vermont Property Transfer Tax Return must be filed within 30 days of the transfer of the property.
Q: What is the rate of the Vermont Property Transfer Tax?
A: The rate of the Vermont Property Transfer Tax is 0.5% of the purchase price, with an additional 0.25% surcharge for properties located in Chittenden County.
Q: Are there any exemptions or deductions available for the Vermont Property Transfer Tax?
A: Yes, there are several exemptions and deductions available for certain types of transfers, such as transfers between spouses, transfers to a trust, or transfers of affordable housing units.
Form Details:
- Released on October 1, 2020;
- The latest edition provided by the Vermont Department of Taxes;
- Easy to use and ready to print;
- Quick to customize;
- Compatible with most PDF-viewing applications;
- Fill out the form in our online filing application.
Download a fillable version of VT Form PTT-172 by clicking the link below or browse more documents and templates provided by the Vermont Department of Taxes.
Download VT Form PTT-172 Vermont Property Transfer Tax Return - Vermont
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