Environmental
A Wisconsin property with an on-site wastewater system (mound system) must be evaluated during a sale because:
AIt increases the value of the property
BThe system must be in proper working order; some municipalities require an inspection before transfer✓ Correct
CIt is automatically replaced by the county
DMound systems are illegal in Wisconsin
Explanation
Many Wisconsin municipalities require or recommend inspection of private sewage systems (including mound systems) at the time of property sale to ensure they are functioning properly.
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Key Terms to Know
Depreciation
A reduction in the value of an improvement (building) over time due to physical deterioration, functional obsolescence, or external factors.
Transfer TaxA tax imposed by state or local governments when real property ownership is transferred, typically based on the sale price.
ZoningLocal government regulations that control land use by dividing areas into zones specifying permitted uses, building sizes, and densities.
VarianceOfficial permission to use land in a way that does not conform to the applicable zoning ordinance, granted by a zoning board when strict enforcement would cause undue hardship.
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