Define who the two parties are in the promissory note agreement and include contact information. The promisor, also known as an obligor, is the person getting the loan and promising to repay it under the contract terms.The promisee, otherwise known as an olbigee, provides the principal loan value.efine who the two parties are in the promissory note agreement and include contact information. The promisor, also known as an obligor, is the person getting the loan and promising to repay it under the contract terms.
Calculation for Wisconsin Real Estate Transfer Fees: September 1, 1981 through the present, the fee is 30 cents per $100 ($3.00 per $1000). To compute the consideration from the transfer fee shown, take the transfer fee, divide by 3 and multiply by 1000.
REAL ESTATE TRANSFER TAXES. Local option transfer tax $.55/$500 for counties. The city tax rate is half of the county rate and the city tax is allowed as a credit against the county tax. State residential transfer tax has two tiers of either 0.75% or 1.25%, based on value. Nonresidential is 1.25%. 2% tax on value of property unless there is also a local transfer tax; then the maximum rate is 1.5%.