County Transfer Tax is typically computed at 1% of the selling price of a property. Recordation tax is $8.90 per thousand rounded up to the next increment of $500 up to $500,000. (Over $500,000 it is computed at 1.35%). An $890.00 exemption may be available for owners of occupied residential property.
Note, As a result of Bill 17-23 passing, recordation tax rates will be adjusted effective October 1, 2023 to the new rates in table in link below. Documents for the upcoming new tiers of recordation are as follows: (also effective 10/1/2023) the Simplifile system will handle documents at the new rates of the Recordation Tax. If the document has not been uploaded into the Simplifile system prior to 9/30/2023 it must go directly to the Transfer Office for processing to receive the previous rates.
Finance will accept any documents dated prior to 9/30/2023 in paper form until 10/31/2023 at the previous existing rates of Recordation Tax. All documents are to be processed in the Transfer Office via paper method only until 10/31/2023. Any documents presented after 10/31/2023 will be processed at the New Tiers of Recordation Tax whether it will be in paper form or through the Simplifile system.
For questions regarding the County Transfer Tax Rate call 240.777.8995. For State rates call the Courthouse Recording Office at 240.777.9470.