This is a legal form that was released by the South Dakota Department of Revenue - a government authority operating within South Dakota. As of today, no separate filing guidelines for the form are provided by the issuing department.
Q: What is Form PT56 Certificate of Real Estate Value?
A: Form PT56 is a document used in South Dakota to report the sale or transfer of real estate and provide the necessary information for property valuation.
Q: Why is Form PT56 Certificate of Real Estate Value required?
A: Form PT56 is required to determine the fair market value of the property for tax purposes and to ensure accurate assessment and taxation.
Q: Who needs to file Form PT56 Certificate of Real Estate Value?
A: The seller or the transferor of real estate in South Dakota is responsible for filing Form PT56.
Q: What information is required on Form PT56 Certificate of Real Estate Value?
A: Form PT56 requires information about the property being transferred, the parties involved, the sale price, and the reason for the transfer.
Q: When should Form PT56 Certificate of Real Estate Value be filed?
A: Form PT56 should be filed within 45 days of the sale or transfer of real estate.
Q: Are there any fees associated with filing Form PT56 Certificate of Real Estate Value?
A: There is no fee for filing Form PT56.
Q: What happens after filing Form PT56 Certificate of Real Estate Value?
A: After filing Form PT56, the county assessor will review the information and use it to determine the property's assessed value for tax purposes.
Form Details:
Download a fillable version of Form PT56 by clicking the link below or browse more documents and templates provided by the South Dakota Department of Revenue.