Form Pt 56 – Fill Out and Use This PDF

Form Pt 56 is a document that has been designed to provide the information needed for administrative processes within organizations. It acts as the blueprint for a successful undertaking and helps ensure operations are conducted in an efficient and effective manner. With this particular form, team members, stakeholders and executives can become aware of the specific data needed during each stage of a project, allowing them to make well-informed decisions quickly. It also helps track any modifications or sequences that occur throughout completion in order to highlight any mistakes or changes that came about along the way. Ultimately encouraging a smooth workflow for improved performance and satisfaction at many levels.

Form Pt 56 PDF Details

Form Pt 56 is one of the most commonly used forms in construction. It is a standard form used for many purposes, from obtaining approvals to recording work completed. In this blog post, we will take a look at the different parts of Form Pt 56, what they are used for, and some tips on how to complete them correctly. We will also provide a link to download a copy of the form so that you can use it as a reference. Thanks for reading!

Question	Answer
Form Name	Form Pt 56
Form Length	2 pages
Fillable?	No
Fillable fields	0
Avg. time to fill out	30 sec
Other names	certificat of real estate certificate of real estate value south dakota online form

Form Preview Example

CERTIFICATE OF REAL ESTATE VALUE [SDCL 7-9-7(4)]					COURTHOUSE USE ONLY
State of South Dakota, County of ________________________________					Book ______ Page _______
					Ratio Card No._________
Seller(s):				(	)
		Name			Phone Number
Mailing
Address__________________________________________________ ___________________________________________________

		Street/Box	Number	City	State/Zip Code
Buyer(s):				(	)

		Name			Phone Number
Current
Mailing
Address		Street/Box	Number	City	State/Zip Code
NEW
Mailing	________________________________________________________________________________________
Address		Street/Box	Number	City	State/Zip Code

OWNER OCCUPIED - THIS BOX TO BE COMPLETED BY BUYER ONLY

These items are important to complete for property to continue to be classified as owner occupied for a lower property tax rate.

Property is currently classified as owner-occupied	YES_______ NO _______
Property will be occupied by buyer on ____________(date)	YES_______ NO _______
Property will be principal residence of buyer on the above stated date	YES_______ NO _______
Do you own any other residential property in the United States?	YES_______ NO _______ If yes, state location_____________________

Signature (BUYER ONLY) ___________________________________________________________________________________________________

Legal Description (Please include the number of acres for unplatted properties)

(1)Date of Instrument ________________________

(2)Type of Instrument:

Contract for Deed	Warranty Deed
Quit Claim Deed	Trustee's Deed

Other (specify)

________________________________________

(3) Items Involved in Transaction
(a) Was this property offered for sale to the general public		YES
(b) Relationship between buyer and seller?		YES
(c) Was this property sold by owner	agent

	Executor's Deed	Mineral Deed
	Administrator's Deed	Gift
NO	(d) Actual Consideration Exchanged: $________________

NO	(e) Adjusted price paid for real estate: $________________
	(actual consideration less amount paid for major items of
	personal property which are listed below)

In the blanks below, list any major items of personal property and their value which were included in the total purchase price (i.e. furniture, inventory, crops, leases, franchises):

(4) Was there Buyer Financing	YES	NO
(a) Type of Buyer Financing - check where applicable
Conventional Bank Loan	Like Kind Exchange
Cash Sale	Assumed Mortgage
FHA, FmHA, SDHA Loan	Farm Credit Service
Contract for Deed	[must complete part (b)]

If yes, items (a) and (b) below MUST
be completed (b) Contract for Deed	YES	NO
(If yes, MUST comlete items below)
Down Payment ___________________________________
Monthly/Yearly Payment_____________		Interest Rate__________
No. of Payments __________		Balloon Payment __________

__________________________________________________	__________________________________
	Date
Signature of seller, Buyer, or agent of _________________________________

PT 56 (Rev 06/05) Form required pursuant to SDCL 7-9-7(4) and Administrative Rule 64:04:01:06.01

CERTIFICATE OF REAL ESTATE VALUE [SDCL 7-9-7(4)]

As adopted by Administrative Rule 64:04:01:06.01

The Certificate of Real Estate Value form as adopted by administrative rule must be filed with "? any deed or contract for deed dated after July 1, 1988 used in the purchase, exchange, transfer or assignment of interest in real property?"

This would include actual "deeds" such as warranty deed, quit claim deed, grantor's deed, sheriff's deed, trustee's deed,

executor's deed, administrator's deed, mineral deed and similar deeds. Contract for deed would also encompass a memoranda of a contract for deed, and addenda to contracts for deed, and notice of contract for deed.

A statute exception to the form being filed is for the State of South Dakota conveying highway right-of-way (SDCL 7-9-7.3)

Documents that do NOT need to be accompanied with a certificate of real estate value are: Divorce Decree, Probate Decree, Easements.

The Box Labeled Owner Occupied is optional - - if it is completed, it must be completed by and contain signature of Buyer only - - this box cannot be signed by an agent of the buyer, or anyone else. This is important to complete so as the buyer may, if eligible, maintain the classification of owner-occupied on the property and receive the lower property tax

rate

for

that

classification

property.

Any questions on this should be directed to the Property Tax Division of the Department of Revenue and Regulation in Pierre, SD (605) 773-3311

INSTRUCTIONS FOR COMPLETING SD PT-56 (Rev 6/05)
COURTHOUSE USE ONLY - This box is for county courthouse use only	Do Not Use
Seller Information - name, phone number, current mailing address of seller	Required
Buyer Information - name, phone number, current mailing address, new mailing	Required
address of buyer
Owner-Occupied - this box has information to be completed by buyer only . Check either Yes or	Optional
No to each of the questions. For the question "Property will be occupied by buyer
on:" - - fill in date that buyer will be occupying the property
If the buyer owns any other residential property in the US, state where property is located
Legal Description - legal description of property involved in transaction	Required
(1) Date of Instrument Required
(2) Type of Instrument - check which type of instrument is being recorded	Required

(3) Items involved in Transaction

(a) Offered for sale to the general public - -was general knowledge that the property was Required for sale - does not mean it had to be listed with a realtor.

(b)Relationship between buyer and seller Required

	(c) Was the property sold by the owner or an agent	Required
(d)	Actual Consideration Exchanged Required
	(e) Adjusted price paid for real estate - actual consideration less any major items of	Required
	personal property for which consideration was paid.
	List major items of personal property involved in transaction, if any	Optional
(4) Was there Buyer Financing Required
	If yes - - must complete part 4(a) and 4(b)
	(a) Type of Buyer Financing - check type of financing
	(b) Answer if contract for deed
	If yes - must complete all items requested
Signature - Signature of seller, buyer or an agent, declaring an agent of whom		Required
DateRequired

How to Edit Form Pt 56 Online for Free

Using the online editor for PDFs by FormsPal, you're able to complete or modify Form Pt 56 here and now. FormsPal team is dedicated to making sure you have the perfect experience with our editor by constantly presenting new features and upgrades. With these improvements, using our tool gets easier than ever before! To start your journey, take these basic steps:

Step 1: Firstly, open the pdf tool by pressing the "Get Form Button" in the top section of this site.

Step 2: Once you access the editor, you will see the form ready to be filled in. Aside from filling in different blank fields, you may also perform several other actions with the file, particularly adding any textual content, editing the initial textual content, inserting graphics, affixing your signature to the PDF, and a lot more.

Completing this PDF requires care for details. Make certain all required areas are done correctly.

1. You need to fill out the Form Pt 56 properly, so be careful while filling out the parts including all of these blank fields:

2. The third stage would be to submit the following blank fields: Legal Description Please include, Date of Instrument, Type of Instrument, Contract for Deed Quit Claim Deed, Other specify, Warranty Deed, Trustees Deed, Executors Deed Administrators Deed, Mineral Deed Gift, Items Involved in Transaction, a Was this property offered for, agent, YES, YES, and d Actual Consideration Exchanged.

People frequently get some points wrong when completing Warranty Deed in this part. Ensure that you double-check whatever you enter right here.

3. The following step is related to Was there Buyer Financing, YES, a Type of Buyer Financing check, Conventional Bank Loan, Cash Sale, FHA FmHA SDHA Loan, Like Kind Exchange, Assumed Mortgage, Farm Credit Service, Contract for Deed, must complete part b, If yes items a and b below MUST be, b Contract for Deed, NO If yes MUST comlete items below, and YES - type in each one of these empty form fields.

Step 3: Soon after rereading the entries, click "Done" and you are good to go! Create a 7-day free trial option at FormsPal and obtain instant access to Form Pt 56 - readily available from your FormsPal account. We do not sell or share any details that you type in while working with forms at FormsPal.

Form Pt 56 – Fill Out and Use This PDF

Form Pt 56 PDF Details

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