Get Cecil County Property Transfer Record Form - Ccgov

Transfer Taxes Transfer tax is at the rate of . 5 percent of the actual consideration, unless they are a first-time Maryland home buyer purchasing a principal place of residence, in that case the transfer tax rate is . 25 percent of the actual consideration.

Before recording an instrument among the land or financing records, a clerk shall collect: $10.00 for a release nine (9) pages or less in length [this does not apply to a termination of a financing statement] $20.00 for any other instrument nine (9) pages or less in length.

What is the county's property tax rate? The current rate for real property is $. 98 per $100 of assessed value.

Normally when you purchase a property in the state of Maryland you will pay 0.5% transfer tax split equally between the buyer and the seller.

Caroline County collects recordation taxes of $5 per $500. We collect recordation taxes on property transfers and on Deeds of Trust.

The Land Transfer Tax is a 1% excise tax on instruments conveying certain interests in real property. Information is not always accurate at that time and is subject to change at the time of recording. The deed that is recorded at the Register of Deeds is the official document.

5 percent of the actual consideration, unless they are a first-time Maryland home buyer purchasing a principal place of residence, in that case the transfer tax rate is . 25 percent of the actual consideration.

Although real estate transfer taxes are collected by your respective county, the rates remain constant throughout the state. The fees amount to $1.85 per $500, based on the amount that the property sold for. For example, if the property sold for $200,000, then $740 in real estate transfer taxes would be due.