Maryland
Recordation (also known as Transfer Taxes)
* State Transfer Tax is 0.25% to purchasers for all counties.
* State Recordation Tax ( See Below).
* County Transfer Tax (see below).
NOTE: If the borrower is a first-time Maryland Homebuyer who will occupy the property as principal residence, then the borrower is exempt from state transfer tax. However, all purchasers must be first-time homebuyers in Maryland to qualify.
Basic Recording Fees (recording of a Quit Claim Deed)
$40 for each Quit Claim Deed or Deed of Trust.
$30 per release.
This generally results in a total recording charge of approximately $80 for purchase transactions.
Baltimore City County Fee's
Recordation Tax.. $5.00
County Transfer Tax............ .75%
Property Tax Rate....... $2.460
Additional Fee's May Apply
NOTE: The above Transfer & Recordation Taxes are based on customary splits (apportionment) between buyer and seller, the split is typically 50-50. In some cases, the parties may reallocate the responsibility to pay Transfer & Recordation Taxes
NOTE: Tax rate may vary in cities of other incorporated areas.
Contact the Baltimore City Recorder: 410-887-2650. |
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