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Pennsylvania Free Printable Realty Transfer Tax Statement of Value (REV-183) for 2024 Pennsylvania Realty Transfer Tax Statement of Value

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Realty Transfer Tax Statement of Value
Realty Transfer Tax Statement of Value (REV-183)

1830019105 REV-183 Book: REALTY TRANSFER TAX STATEMENT OF VALUE Bureau of IndIvIdual Taxes Po Box 280603 HarrIsBurg, Pa 17128-0603 SECTION I COMPLETE EACH SECTION Telephone Number Mailing Address Date Recorded: Grantee(s)/Lessee(s) Telephone Number Mailing Address City State ZIP Code City State ZIP Code REAL ESTATE LOCATION Street Address City, Township, Borough County Tax Parcel Number School District VALUATION DATA YES Was transaction part of an assignment or relocation? 1. Actual Cash Consideration NO 2. Other Consideration 3. Total Consideration + 4. County Assessed Value = 5. Common Level Ratio Factor 6. Computed Value x VSECTION IV Instrument Number: MM/DD/YYYY Grantor(s)/Lessor(s) SECTION III Page: TRANSFER DATA START Date of Acceptance of Document ➜ SECTION II RECORDER’S USE ONLY State Tax Paid: (EX) MOD 06-19 (FI) = EXEMPTION DATA - Refer to instructions for exemption status. 1b. Percentage of Grantor’s Interest in Real Estate 1c. Percentage of Grantor’s Interest Conveyed 1a. Amount of Exemption Claimed % $ % 2. Fill in the Appropriate Oval Below for Exemption Claimed. Will or intestate succession. (Estate File Number) (Name of Decedent) Transfer to a trust. (Attach complete copy of trust agreement and all amendments.) Transfer from a trust. (Attach complete copy of trust agreement and all amendments.) Transfer between principal and agent/straw party. (Attach complete copy of agency/straw party agreement.) Transfers to the commonwealth, the U.S. and instrumentalities by gift, dedication, condemnation or in lieu of condemnation. (If condemnation or in lieu of condemnation, attach copy of resolution.) Transfer from mortgagor to a holder of a mortgage in default. (Attach copy of mortgage and note/assignment.) Corrective or confirmatory deed. (Attach complete copy of the deed to be corrected or confirmed.) Statutory corporate consolidation, merger or division. (Attach copy of articles.) Other (Provide a detailed explanation of exemption claimed. If more space is needed attach additional sheets.) SECTION V CORRESPONDENT INFORMATION - All inquiries may be directed to the following person: Name Telephone Number Mailing Address State City ZIP Code Under penalties of law, I declare that I have examined this statement, including accompanying information, and to the best of my knowledge and belief, it is true, correct and complete. Signature of Correspondent or Responsible Party Date MM/DD/YYYY PLEASE SIGN AFTER PRINTING FAILURE TO COMPLETE THIS FORM PROPERLY OR ATTACH REQUESTED DOCUMENTATION MAY RESULT IN THE RECORDER’S REFUSAL TO RECORD THE DEED. 1830019105 Reset Entire Form TOP OF PAGE 1830019105 PAGE 1 NEXT PAGE PRINT THIS PAGE DOES NOT PRINT Pennsylvania Department of Revenue Instructions for REV-183 realty Transfer Tax statement of value rev-183 In (ex) 06-19 GENERAL INFORMATION Complete each section and file in duplicate with the Recorder of Deeds when (1) the full value/consideration is not set forth in the deed, (2) the deed is without consideration or by gift, or (3) a tax exemption is claimed. If more space is needed, please attach additional sheets. A Statement of Value (SOV) is not required if the transfer is wholly exempt from tax based on family relationship or public utility easement. However, it is recommended that a SOV accompany all documents filed for recording. LINE INSTRUCTIONS SECTION I Date of Acceptance – Enter the date the document was delivered to and accepted by the grantee/lessee. Enter the full names and addresses of all grantor(s)/ lessor(s) and all grantee(s)/lessee(s). Attach additional sheets if necessary. SECTION II This section identifies the real estate to be transferred. Complete fully, including the tax parcel number where applicable and the county where the statement is to be filed. SECTION III Indicate by filling in YES or NO, whether the document represents two or more transactions accomplished by an assignment of the agreement of sale or by the use of a relocation arrangement. Complete for all transactions: 1. Actual Cash Consideration – Enter the amount of cash or cash equivalent that the grantor received for the transfer of the real estate. 2. Other Consideration – Enter the total amount of noncash consideration that the grantor received for the transfer of the real estate, such as property and securities. Include mortgages and liens existing before the transfer and not removed thereby, and the agreed consideration for the construction of improvements. 3. Total Consideration – Enter the sum of Lines 1 and 2. This will be the total consideration for the purchase of the real estate. 4. County Assessed Value – Enter the actual assessed value of the entire real estate, per records of the county assessment office. Do not reduce the assessed value by the grantor’s fractional interest in the real estate. www.revenue.pa.gov PREVIOUS PAGE 5. Common Level Ratio Factor – Enter the common level ratio factor for the county in which the real estate is located. An explanation of this factor is provided below. 6. Computed Value – Enter the product of Lines 4 and 5. SECTION IV Complete only for transactions claiming an exemption. For exemptions refer to Title 61 §91.193 of the Pennsylvania  Code. 1a. Amount of Exemption Claimed – Enter the dollar amount of the value claimed as exempt. 1b. Percentage of Grantor’s Interest in Real Estate – Enter the percentage of grantor’s ownership interest in the real estate listed in Section II. 1c. Percentage of Grantor’s Interest Conveyed – Enter the fraction or percentage of grantor’s interest in the real estate on Line 1b that the grantor conveyed to the grantee. For example, if you indicated on Line 1b that grantor owns a 50 percent tenant-in-common interest in the real estate and grantor is conveying his entire 50 percent interest to the grantee, then you would enter 100 percent on this line. 2. Fill in the Appropriate Oval for Exemption Claimed – Ovals are provided for the most common Pennsylvania realty exemptions. Each is explained in order of appearance on the Realty Transfer Statement of Value form. Will or Intestate Succession – A transfer by will for no or nominal consideration, or under the intestate succession laws, is exempt from tax. Provide the name of the decedent and estate file number in the space provided. Transfer to a Trust – A transfer for no or nominal consideration to a trust is exempt from tax when the transfer of the same property would be exempt from tax if the transfer were made directly by the grantor to all the possible (including contingent) beneficiaries. Attach a complete copy of the trust agreement and identify the grantor’s relationship to each beneficiary. Transfer from a Trust – Attach a complete copy of the original trust and all amendments to the trust. Transfer Between Principal and Agent/Straw Party – A transfer between an agent/straw party and principal for no or nominal consideration is exempt. Attach a complete copy of the agency/straw party agreement. REV-183 NEXT PAGE 1 Transfer to the Commonwealth, the U.S. and Instrumentalities by Gift, Dedication, Condemnation or in Lieu of Condemnation – If the transfer is by condemnation or in lieu of condemnation, attach a copy of the resolution. Transfer from Mortgagor to Holder of a Mortgage in Default – A transfer from a mortgagor to a holder of a mortgage in default, whether pursuant to a foreclosure or in lieu thereof, is exempt. Provide a copy of the mortgage and note, and any documentation evidencing the assignment thereof. Corrective or Confirmatory Deed – A deed for no or nominal consideration that corrects or confirms a previously recorded deed but does not extend or limit the title or interest under the prior deed is exempt from tax. Attach a complete copy of the prior deed being corrected or confirmed. Statutory Corporate Consolidation, Merger or Division – A document that evidences the transfer of real estate pursuant to the statutory consolidation or merger of two or more corporations (15 Pa. C.S. §1921-1932 or 15 Pa. C.S. §5921-5930) – or the statutory division of a nonprofit corporation (15 Pa. C.S. §5951-5957) – is exempt from tax. Attach a copy of the articles of consolidation, merger or division. Other – When claiming an exemption other than those listed, you must specify what exemption is claimed. When possible, provide the applicable statutory and regulatory citation. Attach additional pages, if necessary. Attach a copy of supporting documentation. SECTION V Enter the name, address and telephone number of party completing this form. COMMON LEVEL RATIO FACTOR This is a property valuation factor provided by the PA Department of Revenue by which the county assessed value is multiplied to determine the taxable value of real estate for all non-arm’s-length transactions, leases and acquired companies. The factor is based on the common level ratio established by the State Tax Equalization Board. The common level ratio is a ratio of assessed values to current fair market values as reflected by actual sales of real estate in each county. A statewide list of the factors is available at the Recorder of Deeds’ office in each county and on the department’s website at www.revenue.pa.gov THIS STATEMENT MUST BE SIGNED BY A RESPONSIBLE PERSON CONNECTED WITH THE TRANSACTION. 2 REV-183 PREVIOUS PAGE www.revenue.pa.gov RETURN TO FORM
Extracted from PDF file 2023-pennsylvania-form-rev-183.pdf, last modified April 2010

More about the Pennsylvania Form REV-183 Other TY 2023

In Pennsylvania, a completed Form REV-183 (the realty transfer tax form) must be filed with the County Recorder of Deeds for every deed or property transfer.

On REV-183, you must use the cash consideration, or the current Common Level Ratio Factor for your county and the property's assessed value, to determine the amount of PA transfer tax (2%) due on the transaction.

We last updated the Realty Transfer Tax Statement of Value in January 2024, so this is the latest version of Form REV-183, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form REV-183 directly from TaxFormFinder. You can print other Pennsylvania tax forms here.

Related Pennsylvania Other Forms:

TaxFormFinder has an additional 174 Pennsylvania income tax forms that you may need, plus all federal income tax forms. These related forms may also be needed with the Pennsylvania Form REV-183.

Form Code Form Name
Form REV-1832 1099-MISC Withholding Exemption Certificate
Form REV-1831 TIPS for reporting common expenses (Schedule C)
REV-1839 Application for Mortgage Foreclosure Inheritance Tax Release of Lien

Download all PA tax forms View all 175 Pennsylvania Income Tax Forms

Form Sources:

Pennsylvania usually releases forms for the current tax year between January and April. We last updated Pennsylvania Form REV-183 from the Department of Revenue in January 2024.

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Historical Past-Year Versions of Pennsylvania Form REV-183

We have a total of three past-year versions of Form REV-183 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:

2023 Form REV-183

Realty Transfer Tax Statement of Value (REV-183)

2022 Form REV-183

Realty Transfer Tax Statement of Value (REV-183)

2021 Form REV-183

Reallty Transfer Tax Statement of Value (REV-183)

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