montgomery county recordation fees: New Montgomery County Recordation Tax Law - 02/13/08 03:43 AM
New Montgomery County Recordation Tax Law
 Effective March 1, 2008
Effective March 1, 2008, the recordation taxes for Montgomery County, Maryland will be increased to $10 per $1000 for consideration payable over $500,000.00.  Consideration payable of $500,000.00 or less will continue to be taxed at the current rate of $6.90 per $1000.00.  The tax calculation will continue to exempt the first $50,000.00 of the sales price from recordation tax if the property is to be owner occupied.  The new Act applies to any transaction that occurs on or after March 1, 2008.  The new Act, however, does not affect the existing State and … (0 comments)