Maryland Transfer Tax Law Fee? - Posted by Jill

import · March 17, 2002, 7:29pm

Posted by Les on March 17, 2002 at 21:35:52:

Your title company or attorney or whoever is handling the settlement should be able to help you with this.

import · March 17, 2002, 7:29pm

Posted by Jill on March 17, 2002 at 20:29:15:

I am a newbie and I’m thinking about buying bank owned properties. The contract states that the buyer and seller will share the cost of state and local transfer and recordation taxes. The problem is I don’t know how much this will cost. Any help would be appreciated.

import · March 18, 2002, 9:03am

Here’s the link you need… - Posted by Andrew

Posted by Andrew on March 18, 2002 at 10:03:26:

http://www.dat.state.md.us/sdatweb/transfer.html

-Andrew

import · March 18, 2002, 7:00am

Re: Maryland Transfer Tax Law Fee? - Posted by Rick

Posted by Rick on March 18, 2002 at 08:00:10:

Jill, I am a Realtor in Montgomery County. The transfer and Recordation tax is as follows:-

State Transfer Tax 0.5%
State Recordtion Tax 0.44%
County Trnsfer Tax 1.00%

Total Transfer and Recordation tax in Montgomery County
is 1.94% of the sales price. Prince Georges County transfer tax is higher and so is Baltimore. Any title company in your County will tell you what the local charges are. Good luck.