The URL can be used to link to this page

Home My WebLink About04-28-14 (2) J 1505610143 -8x(02-11) r REV-1500 Department of Revenue Pennsylvania OFFICIAL USE ONLY Bu county Code Year File Number Bureau of Individual Taxes eEV.a ur rmeera�aU a PO BOX.280601 INHERITANCE TAX RETURN 21 13 00682 Harrisburg, PA 17128-0601 RESIDENT DECEDENT ENTER DECEDENT INFORMATION BELOW 06 13 2013 12 29 1930 Decedent's Last Name Suffix Decedent's First Name MI PEFFER JOYCE D (If Applicable)Enter Surviving Spouse's Information Below Spouse's Last Name Suffix Spouse's First Name MI Spouse's Social Security Number THIS RETURN MUST BE FILED IN DUPLICATE WITH THE REGISTER OF WILLS FILL IN APPROPRIATE OVALS BELOW ❑ 1. Onginal Return ❑X 2. Supplemental Return ❑ 3. Remainder Return(Date of Death Prior to 12-13-82) ❑ 4. Limited Estate 4a.Future Interest Compromise ❑ 5. Federal Estate Tax Return Required (date of death drier 12-12-82) 8 Decedent Died Testate 7 ecadent Maintained a Living Trust 8. Total Number Safe Deposit Boxes (Attach Copy of Will) ❑ �Attdeh Copy of Trust) P El 9. Litigation Proceeds Received ❑ 10.Spousal Poverty Credit{Date of Death 11.Election to tax under Sec.9113(A) between 12-31-�Ji and -1-95) (Attach Schedule O) - CORRESPONDENT-THIS SECTION MUST BE COMPLETED.ALL CORRESPONDENCE AND CONFIDENTIAL TAX INFORMATION SHOULD BE DIRECTED TO: Name Daytime Telephone Number MARK A MATEYA C 17 241—_65000A o rn R_`e,GRTER3@ Wll��p @E ONLY First Line of Address nrl 00 b 55 W CHURCH AVENUE 5 C-, o o Za Second Line of Address C -T _10 —I o � m City or Post Office St - TE R21E C ate ZIP ode CARLISLE PA 17013 Correspondent's e-mail address: mamCa_>mateyalaw.com Under penalties of perjury,I declare that I have examined this return,including accompanying schedules and statements,and to the best of my knowledge and belief, it is true Correct and complete.Declaration of preparer other than the personal representative Is based on all information of which preparer has any knowledge. SIGN RE OF PERSON RESPO BLE FOR FILING RETURN DATE Diane M Beeman W a� /�{ DRESS 168 Wolf Bridge Road, Carlisle, PA 17013 SIGNATURE OFPREPARER��OTHER THAN REPRESENTATIVE DATE y o, f__ A . K Mark A. Mateya ADDRESS 55 W. Church Avenue, Carlisle, PA Side 1 1505610143 1505610143 1505610243 REV-1500 EX RECAPITULATION - 1. Real Estate(Schedule A)....................................................................................... 1. 1 ,325,500 . 00 2. Stocks and Bonds(Schedule B)............................................................................. 2. 3. Closely Held Corporation,Partnership or Sole-Proprietorship(Schedule C)......... 3. 4. Mortgages&Notes Receivable(Schedule D).. ......................... 4. 5. Cash,Bank Deposits&Miscellaneous Personal Property(Schedule E)............... 5. 52, 323 . 65 6. Jointly Owned Property(Schedule F) ❑ Separate Billing Requested............ 6. 7. Inter-Vivos Transfers&Miscellaneous Non-Probate Property (Schedule G) a Separate Billing Requested............ 7_ 728 , 500 . 00 8. Total Gross Assets (total Lines 1 through 7)........ .............................-............ 8. 2 , 106, 323 . 65 9. Funeral Expenses and Administrative Costs(Schedule H).................................... 9. 51, 631 . 60 10. Debts of Decedent,Mortgage Liabilities and Liens(Schedule I)............................ 10. 6, 725 . 7 6 11, Total Deductions(total Lines 9 and 10)................................................................ 11 58 ,357 . 36 12. Net Value of Estate(Line 8 minus Line 11).... - 12. 2 , 047 , 966. 29 13. Charitable and Governmental Bequests/Sec 9113 Trusts for which an election to tax has not been made(Schedule J)............................................... 13. 14. Net Value Subject to Tax(Line 12 minus Line 13)............................................... 14. 2 , 047 , 966. 29 TAX COMPUTATION-SEE INSTRUCTIONS FOR APPLICABLE RATES 15. Amount of Line 14 taxable at the spousal tax rate,or transfers under Sec.9116 (a)(1.2)X.00 15. 0 . 00 16. Amount of Line 14 taxable 2 047 at lineal rate X .045 , 966 . 29 16. 92 , 158 . 48 IT Amount of Line 14 taxable at sibling rate X.12 0 . 00 17. 0 . 00 18. Amount of Line 14 taxable at collateral rate X.15 0 . 00 18. 0 . 00 19. TAX DUE................................................................................................................ 19. 92 , 158 . 48 20. FILL IN THE OVAL IF YOU ARE REQUESTING A REFUND OF AN OVERPAYMENT. Side 2 1505610243 1505610243 ,J REV-1500 EX Page 3 File Number 21-13-00682 Decedents Complete Address: DECEDENT'S NAME - Peffer,Joyce D STREET ADDRESS 150 Wolfs Bridge Road CITY '-- --_._.__ ------------ STATE ZIP Carlisle PA 17013 Tax Payments and Credits: 1. Tax Due(Page 2,Line 19) (1) i� 92,158.48 2, Credits/Payments A. Prior Payments 90,864.08 B. Discount Total Credits(A +8) (2) 90,864.08 3. Interest (3) _ 4. if Line 2 is greater than Line 1 +Line 3,enter the difference. This is the OVERPAYMENT. (4) Check box on Page 2,Line 20 to request a refund 5, If Line 1 +Line 3 is greater than Line 2,enter the difference. This is the TAX DUE. (5) 1,294.40 Make Check Pa able to: REGISTER OF WILLS AGENT.of t „ ., .. n PLEASE ANSWER THE FOLLOWING QUESTIONS BY PLACING AN "X" IN THE APPROPRIATE BLOCKS 1. Did decedent make a transfer and: Yes No a. retain the use or income of the property transferred;... .. b. retain the right to designate who shall use the property transferred or its income;,........._..........,....._,... e. retain a reversionary interest;or..........................._......... .............................................. ......................... x d. receive the promise for life of either payments,benefits or care?............---.............._........_,..........._' L 2. if death occurred after Dec. 12, 1962, did decedent transfer property within one year of death without receiving adequate consideration?........._........._....... ..... .............-............................... -.... ........................ 0 0 3. Did decedent own an"in trust for' or payable upon death bank account or security at his or her death?....... Qx 4. Did decedent own an individual retirement account,annuity,or other non-probate property which ❑ ❑ contains a beneficiary designation?.........................................................._...,,.................................... ............. x IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS YES,YOU MUST COMPLETE SCHEDULE G AND FILE IT AS PART OF THE RETURN. For dates of death on or after July 1, 1994and before Jan.1,1995,the tax rate imposed on the net value of transfers to or for the use of the surviving spouse is 3 percent[72 P.S.§9116(a)(1.1)(i)]. For dates of death on or after January 1,1995,the tax rate imposed on the net value of transfers to or for the use of the surviving spouse is 0 percent [72 P.S.§9116(a)(1.1)(ii)]. The statute does not exempt a transfer to a surviving spouse from tax,and the statutory requirements for disclosure of assets and filing a tax return are still applicable even if the surviving spouse is the only beneficiary, Fordates of death on or after July 1,2000: • The tax rate imposed on the net value of transfers from a deceased child 21 years of age or younger at death to or for the use of a natural parent,an adoptive parent,or a stepparent of the child is 0 percent[72 P-S,§9116(a)(1.2)]. • The tax rate imposed on the net value of transfers to or for the use of the decedent's lineal beneficiaries is 4.5 percent,except as noted in[72 P.S.§9116(a)(1)]. • The tax rate imposed on the net value of transfers to or for the use of the decedent's siblings is 12 percent[72 P.S.§9116(a)(1.3)]. A sibling is defined, under Section 9102,as an individual who has at least one parent in common with the decedent,whether by blood or adoption. ROV-1502 EX.(0110) SCHEDULE A pennsylvania REAL ESTATE DEPARTMENT OF REVENUE INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF FILE NUMBER Peffer,Joyce d 21-13-00682 All real property owned solely or as a tenant in common must be reported at fair market value,Fair market value is defined as the price at which property would be exchanged botwee,a willing buyer and a willing seller,neither being compelled to buy or sell,both having reasonable knowledge of the relevant facts. Real property that is jointly-owned with right of survivorship must be disclosed on schedule F. Attach a copy of the set0emem sheet If the property has been sold Include a copy of Ore deed showing decedent's interest if owned as tenant In common. ITEM VALUE AT DATE NUMBER DESCRIPTION OF DEATH 1 Real Estate -Tax Parcel ID 21-07-0467.046; Approx. 1.84 Acres; 125 Wolfs Bridge Road, 597,000.00 Cumberland County, PA;Appraised Value(See Attached Appraisal) 2 Real Estate-Tax Parcel 21-07.0467-004A; 1.134-Acre tract of vacant land;Appraised value 9,000.00 (See Attached Appraisal)50%ownership-Tenants in Common -See Schedule G 3 Real Estate-Tax Parcel No.21-07-0467-004C;1.00-acre tract of vacant land;Appraised 8,500.00 value(See Attached Appraisal)50%ownership-Tenants in Common -See Schedule G 4 Real Estate-Tax Parcel ID 21-07-0467-004G; 1.00-acre tract of vacant land; Appraised value 81000.00 (See Attached Appraisal)50%ownership- Tenants in Common-See Schedule G 5 Real Estate-Tax Parcel ID 29.17-1587-119;2.96-acre tract of vacant land;Airport Drive, 23,000.00 Carlisle,Cumberland County;Appraised value(See Attached Appraisal)50%ownership- Tenants in Common -See Schedule G 6 Real Estate-Tax Parcel ID 21-07-0467-002;216 Wolf Bridge Road,Cumberland County, PA; 86,500.00 4.34 acres;Appraised value(See Attached Appraisal)50%Ownership-Tenants in Common- See Schedule G 7 Real Estate-Tax Parcel 1D 21-07-0467-004;Approx.54.11 Acres;106 and 150 Wolfs Bridge 351,500.00 Road, Cumberland County, PA;Appraised value(See Attached Appraisal)50%Ownership- Tenants in Common-See Schedule G 8 Real Estate 25 Acres by TP-Owned TIC with Peffer Trust; parcel 21-07.0467-005;Wolfs 242,000.00 Bridge Road;Appraised Value(See Attached Appraisal);50%ownership;Tenants in Common-See Schedule G TOTAL(Also enter on Line 1.Recapitulation) 1,325,500.00 (If more space is needed,additional pages of the same size) Copyright(c)2010 farm software only The Lackner Group,Inc. Form PA-1504 Schedule A(Rev.01-10) Rev-1510 EX.(0809) SCHEDULE G Pennsylvania INTER-VIVOS TRANSFERS AND DEPARTMENT OF REVENUE INHERITANCE TAX RETURN MISC. NON-PROBATE PROPERTY RESIDENT DECEDENT ESTATE OF FILE NUMBER Peffer,Joyce D 777121-13-00682 This schedule must be completed and filed if the answer to any or questions 1 through 4 on page three of the REV-7500 is yes. ITEM DESCRIPTION OF PROPERTY DATE OF DEATH s5 OF DEC°B EXCLUSION TAXABLE NUMBER INCLUDE H DE NAME TRANSFFEER TRANSFEREE THEIR PY OF THE DEIETO OR REAL ESTATDE. VALUE OF ASSET INTEREST (IF APPLICABLE) VALUE 1 Real Estate-Tax Parcel ID 21.07-0467-004;Approx. 351,500.00 351,500.00 64.11 Acres; 106 and 150 Wolfs Bridge Road, Cumberland County, PA;Appraised value(See Attached Appraisal)50%ownership-Tenants in Commmon -See Schedule A 2 Real Estate-Tax Parcel ID 21.07-0467-002;216 Wolf 86,500.00 86,500.00 Bridge Road,Cumberland County, PA;4.34 acres; Appraised value(See Attached Appraisal)50% ownership-Tenants in Common-See Schedule A 3 Real Estate-Tax Parcel ID 29-17-1587-119;2.96acre 23,000.00 23,000.00 tract of vacant land;Airport Drive,Carlisle, Cumberland County;Appraised value(See Attached Appraisal)50%ownership-Tenants in Common .See Schedule A 4 Real Estate-Tax Parcel 21-07-0467-004A;1.134-Acre 9,000.00 9,000.00 tract of vacant land;Appraised value(See Attached Appraisal)50%ownership-Tenants in Common-See Schedule A 5 Real Estate-Tax Parcel No.21-07-0467-004C;1.00- 8,500.00 8,500.00 acre tract of vacant land; Appraised value(See Attached Appraisal)60%ownership-Tenants in Common -See Schedule A 6 Real Estate-Tax Parcel ID 21-07-0467-004G; 1.00-acre 81000.00 8,000.00 tract of vacant land; Appraised value(See Attached Appraisal)50%ownership-Tenants in Common-See Schedule A Total of Continuation Schedule as attached page TOTAL(Also enter on Line 7, Recapitulation) 728,500.00 (If more space is needed,additional pages of the same size) Copyright(c)2009 form software only The Lackner Group,Inc. Form PA-1500 Schedule G(Rev.08-09) Rev-1510 EX.(08.09) SCHEDULE G pennsylvania DEPARTMENT OF REVENUE INTER-VIVOS TRANSFERS AND INHERITANCE TAX RETURN MISC. NON-PROBATE PROPERTY RESIDENT DECEDENT continued ESTATE OF Peffer, Joyce D FILE NUMBER 21-13-00682 ITEM DESCRIPTION OF PROPERTY NUMBER INCLUDE NAME OF TRANSFEREE THEIR RELATIONSHIP TO DECEDENT AND DATE OF DEATH %OF DECD'S EXCLUSION TAXABLE THE DATE OF TRANSFER. ATTAC)1 A COPY OF THE DEED FOR REAL ESTATE. VALUE OF ASSET INTEREST (IF APPLICABLE) VALUE 7 Real Estate 25 Acres by TP-Owned TIC with Peffer 242,000.00 Trust; parcel21-07-0467-005; oIf s Bridge Road; 242,000.00 Appraised Value(See Attached Appraisal)50% ownership; Tenants in Common-See Schedule A TOTAL(Also enter on Line 7, Recapitulation) 728,500.00 Copyright(c)2009 form software only The Lackner Group, Inc. Form PA-1600 Schedule G(Rev.08-09) REV-1613 EX.(o1-io) pennsybania SCHEDULE J DEPARTMENT OF REVENUE INHERITANCE TAX RETURN RESIDENT DECEDENT BENEFICIARIES ESTATE OF Peffer,Jo ce D FILE NUMBER 21-13-00682 NUMBER NAME AND ADDRESS OF RELATIONSHIP TO PERSON(S) HARE OF ESTATE AMOUNT OF ESTATE NS)RECEIVING PROPERTY DECED T EN i TAXABLE DISTRIBUTIONS [include outright spousal 1 s a (Words) ($$$) distributions,and transfers under Sec.9116(a)(1.2 See attached schedule Enter dollar amounts for distributions shown above on lines 15 throw h 18 on Rev 1500 ov�easheet,as a ro riate 2,047,966.32 II. NON-TAXABLE DISTRIBUTIONS: A.SPOUSAL DISTRIBUTIONS UNDER SECTION 9113 FOR WHICH AN ELECTION TO TAX IS NOT TAKEN B.CHARITABLE AND GOVERNMENTAL DISTRIBUTIONS TOTAL OF PART II -ENTER TOTAL NON-TAXABLE DISTRIBUTIONS ON LINE 13 OF REV-1500 COVER SHEET Copyright(c)2010 form software only The Lackner Group, Inc. Form PA-1600 Schedule J(Rev.01-10) SCHEDULE J BENEFICIARIES (Part I, Taxable Distributions) ESTATE OF: Joyce D Peffer 06/13/2013 186-24-7750 Item Name and Address of Persons) Share of Estate Amount of Estate Number Receiving Property Relationship (Words) ($$$) 1 Diane M Beeman Child One-Eighth of residual 168 Wolf Bridge Road g 255,995.79 Carlisle, PA 17013 estate 2 . Marjorie Jones Child One-Eighth of residual 75 Goodyear Road g 255,995.79 Carlisle, PA 17015 estate 3 Rebecca S Lichtenberger Child 12977 Mongul Hill Road One-Eighth of residual 255,995.79 Shi estate ppensburg, PA 17257 4 Carolyn L Mitchell Child 832 W.Woodchase Road One-Eighth of residual 255.995.79 Knoxville,TN 37922 estate 5 David M Peffer Child One-Eighth of residual 2433 Heather Circle g 255,995.79 State College, PA 16801 estate 6 Scott J Peffer Child One-Eighth of residual 106 B Wolfs Bridge Road g 255,995.79 Carlisle, PA 17013 estate 7 Laura R Robinson Child 3620 Chardonnay Dr One-Eighth of residual 255,995.79 Rockledge, FL 32955 estate 8 Kristen L Taylor Child One-Eighth of residual 508 S. Baltimore Street g 255,995.79 Dillsburg, PA 17019 estate Total 2-04796632 1 Diversified Appraisal Services Real Estate Appraisers and Consultants 35 East High Street Carlisle,FA 17013-3052 (717)249-2758 FAX(717)258-4701 April 25, 2014 TO: Peffer estate and trust FM: Larry E. Foote RE: Summary Appraisal Report Partial taking of land Wolfs Bridge Road Carlisle, Pennsylvania At your request, I have appraised the captioned property. The appraisal report, which follows this letter, is submitted in support of my opinion of Market Value of the Fee Simple Interest in the property, as of June 12, 2011 1 hereby certify that, to the best of my knowledge and belief,the data, facts, and opinions set forth therein, are accurate, subject to the Statement of Assumptions and Lim- iting Conditions that is also made a part of the report, and that the indicated Market Val- ues of the subject property, as of June 12,2013 is: Value before the partial taking: $4 84,000 Value after the partial taking: $308,000 Damages from the partial taking: $176,000 This appraisal has been made in conformity with the standards of professional practice of the National Association of Realtors Appraisal Section. I appreciate your hav- ing considered me for this assignment and trust that you find the report entirely satisfac- tory. Respectfully submitted, Larry E. Foote Pa. Certified General Appraiser GA-OOOOI4-L 3 SUMMARY OF IMPORTANT FACTS AND CONCLUSIONS LOCATION: Wolfs Bridge Road Carlisle, Pennsylvania TAX PARCEL NUMBER: Part of 21-07-0467-005 OWNERSHIP: Joyce D. Peffer estate and John L. Peffer Trust LAND SIZE: 25.19 acres prior to the partial taking. ZONING: Residential Farm District and Village Center District in Middlesex Township. Low/Medium Density Residential District in North Middleton Township. FLOOD HAZARD DATA: The subject is not located in a FEMA identified flood haz- ard area according to map#42041CO231E,dated March 16, 2009. PROPERTY RIGHTS: Fee simple interest. SCOPE OF ASSIGNMENT: The scope of the assignment included an analysis of the subject's area, an inspection of the subject property, an es- timation of the property's highest and best use, considera- tion of all three approaches to value, and the application of those relevant to the valuation of the subject. CLIENT: The estate of Joyce Peffer and trust under will of John L. Peffer. INTENDED USER: The estate of Joyce Peffer and trust under will of John L. Peffer,et al. IMPROVEMENTS: None on site. OBJECTIVE: To estimate the market value of the subject property as un- encumbered before and after a partial taking. USE OF THE APPRAISAL: To provide a market value estimates for use by the client in a condemnation transaction. EFFECTIVE DATE: June 12, 2013. 4 INSPECTION DATE: July 11, 2013, HIGHEST AND BEST USE: Use as a residential and commercial building site. COST APPROACH: N.A. SALES APPROACH: Before the taking: $484,000 After the taking: $308,000 INCOME APPROACH: N.A. VALUE CONCLUSION: Before the taking: $484,000 After the taking: $308,000 5