WI AB216

Real estate transfer fee reduced from 30 cents to 20 cents per $100 of property value, with new distribution: 50% retained by counties (up from 20%), 30% to general fund, and 20% to land information fund

Minimum land information system base budget grants to counties increased from $100,000 to $175,000, and minimum training/education grants increased from $1,000 to $5,000 per year

Department of Administration required to award additional grants to counties equal to 46% of real estate transfer fees deposited into the land information fund, distributed proportionally based on each county's fee collections

Counties retaining transfer fee moneys must establish free real property recording notification systems administered by registers of deeds to alert property owners when new documents are recorded against their properties

Act takes effect 30 days after publication and applies to conveyances filed on or after that effective date