Mortgage Tax

Real Estate Practices by State
Real Estate Practices by Practice
Pricing and Schedule of Charges

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R.E.P. by Practice (Answer)
V 1

Alabama Mortgage Tax

R.E.P. Topic by State (Question)

Is there a mortgage tax in your state? If yes, is it uniform across the state or does it vary? If it is uniform, please describe.

Mortgage tax in Alabama is $1.50 per $1,000.00


R.E.P. by Practice (Answer)
V 1

Alaska Mortgage Tax

R.E.P. Topic by State (Question)

Is there a mortgage tax in your state? If yes, is it uniform across the state or does it vary? If it is uniform, please describe.

None.


R.E.P. by Practice (Answer)
V 1

Arizona Mortgage Tax

R.E.P. Topic by State (Question)

Is there a mortgage tax in your state? If yes, is it uniform across the state or does it vary? If it is uniform, please describe.

No.


R.E.P. by Practice (Answer)
V 1

Arkansas Mortgage Tax

R.E.P. Topic by State (Question)

Is there a mortgage tax in your state? If yes, is it uniform across the state or does it vary? If it is uniform, please describe.

None.


R.E.P. by Practice (Answer)
V 1

California Mortgage Tax

R.E.P. Topic by State (Question)

Is there a mortgage tax in your state? If yes, is it uniform across the state or does it vary? If it is uniform, please describe.

There is no mortgage tax in the State of California.


R.E.P. by Practice (Answer)
V 1

Colorado Mortgage Tax

R.E.P. Topic by State (Question)

Is there a mortgage tax in your state? If yes, is it uniform across the state or does it vary? If it is uniform, please describe.

There is no mortgage tax in Colorado.


R.E.P. by Practice (Answer)
V 1

Connecticut Mortgage Tax

R.E.P. Topic by State (Question)

Is there a mortgage tax in your state? If yes, is it uniform across the state or does it vary? If it is uniform, please describe.

None.


R.E.P. by Practice (Answer)
V 1

Delaware Mortgage Tax

R.E.P. Topic by State (Question)

Is there a mortgage tax in your state? If yes, is it uniform across the state or does it vary? If it is uniform, please describe.

No.


R.E.P. by Practice (Answer)
V 1

District of Columbia Mortgage Tax

R.E.P. Topic by State (Question)

Is there a mortgage tax in your state? If yes, is it uniform across the state or does it vary? If it is uniform, please describe.

There is a single land records and taxing authority for the District of Columbia. Residential deeds of trust are not taxed so long as they have the appropriate Security Affidavit attached. Otherwise, the recordation tax on a deed of trust is 1.45% of the loan amount. The Recordation Tax is also applicable to deeds and transfers of economic interests in entities that own real estate. See DC Code 42-1101 et seq.


R.E.P. by Practice (Answer)
V 1

Florida Mortgage Tax

R.E.P. Topic by State (Question)

Is there a mortgage tax in your state? If yes, is it uniform across the state or does it vary? If it is uniform, please describe.

There are two types of mortgage tax:

  1. Documentary tax on mortgages is calculated at $.35 per $100.00 or a fraction thereof of the mortgage amount, i.e., if the amount is $101, the fee would be .70 cents.
  2. Intangible tax on mortgages is calculated at $2.00 per 1000.00 mills per dollar amount of the mortgage.

Please consult local underwriting counsel for questions on the calculation of mortgage tax.


R.E.P. by Practice (Answer)
V 1

Georgia Mortgage Tax

R.E.P. Topic by State (Question)

Is there a mortgage tax in your state? If yes, is it uniform across the state or does it vary? If it is uniform, please describe.

The tax for recording is $1.50 for every five hundred dollars of consideration on face amount of the note. The tax is paid to the Clerk of Superior Court at the time of recording the security instrument. All security deeds are required to show their maturity date.

Yes. This is a state tax so it is uniform across the state.


R.E.P. by Practice (Answer)
V 1

Hawaii Mortgage Tax

R.E.P. Topic by State (Question)

Is there a mortgage tax in your state? If yes, is it uniform across the state or does it vary? If it is uniform, please describe.

There is currently no mortgage tax.


R.E.P. by Practice (Answer)
V 1

Idaho Mortgage Tax

R.E.P. Topic by State (Question)

Is there a mortgage tax in your state? If yes, is it uniform across the state or does it vary? If it is uniform, please describe.

There is no mortgage tax in Idaho.


R.E.P. by Practice (Answer)
V 1

Illinois Mortgage Tax

R.E.P. Topic by State (Question)

Is there a mortgage tax in your state? If yes, is it uniform across the state or does it vary? If it is uniform, please describe.

None.


R.E.P. by Practice (Answer)
V 1

Indiana Mortgage Tax

R.E.P. Topic by State (Question)

Is there a mortgage tax in your state? If yes, is it uniform across the state or does it vary? If it is uniform, please describe.

None.


R.E.P. by Practice (Answer)
V 1

Iowa Mortgage Tax

R.E.P. Topic by State (Question)

Is there a mortgage tax in your state? If yes, is it uniform across the state or does it vary? If it is uniform, please describe.

No.


R.E.P. by Practice (Answer)
V 1

Kansas Mortgage Tax

R.E.P. Topic by State (Question)

Is there a mortgage tax in your state? If yes, is it uniform across the state or does it vary? If it is uniform, please describe.

There is a uniform mortgage tax equal to 0.26% of the principal indebtedness set out in the mortgage. KSA 79-3102


R.E.P. by Practice (Answer)
V 1

Kentucky Mortgage Tax

R.E.P. Topic by State (Question)

Is there a mortgage tax in your state? If yes, is it uniform across the state or does it vary? If it is uniform, please describe.

None.


R.E.P. by Practice (Answer)
V 1

Louisiana Mortgage Tax

R.E.P. Topic by State (Question)

Is there a mortgage tax in your state? If yes, is it uniform across the state or does it vary? If it is uniform, please describe.

Orleans Parish only has a documentary tax that applies to conveyances and mortgages. Generally, the fee is $325 for the first 25 pages. Contact New Orleans Notarial Archives for an accurate calculation at 504-568-8577.


R.E.P. by Practice (Answer)
V 1

Maine Mortgage Tax

R.E.P. Topic by State (Question)

Is there a mortgage tax in your state? If yes, is it uniform across the state or does it vary? If it is uniform, please describe.

No.


R.E.P. by Practice (Answer)
V 1

Maryland Mortgage Tax

R.E.P. Topic by State (Question)

Is there a mortgage tax in your state? If yes, is it uniform across the state or does it vary? If it is uniform, please describe.

Yes. Each Maryland county (and Baltimore City) in Maryland establishes rates for its own recordation taxes. Please contact the Circuit Court Clerk’s office for the appropriate jurisdiction to calculate applicable taxes.


R.E.P. by Practice (Answer)
V 1

Massachusetts Mortgage Tax

R.E.P. Topic by State (Question)

Is there a mortgage tax in your state? If yes, is it uniform across the state or does it vary? If it is uniform, please describe.

There is no mortgage tax in Massachusetts. There is a tax only on deeds and long-term leases.


R.E.P. by Practice (Answer)
V 1

Michigan Mortgage Tax

R.E.P. Topic by State (Question)

Is there a mortgage tax in your state? If yes, is it uniform across the state or does it vary? If it is uniform, please describe.

None.


R.E.P. by Practice (Answer)
V 1

Minnesota Mortgage Tax

R.E.P. Topic by State (Question)

Is there a mortgage tax in your state? If yes, is it uniform across the state or does it vary? If it is uniform, please describe.

Yes there is a tax. It is uniform through out the state EXCEPT in two counties (Hennepin and Ramsey which encompass Minneapolis and St. Paul respectively). It is 0.0023 times the debt secured by the mortgage in all other counties and 0.0024 in Hennepin and Ramsey.

.


R.E.P. by Practice (Answer)
V 1

Mississippi Mortgage Tax

R.E.P. Topic by State (Question)

Is there a mortgage tax in your state? If yes, is it uniform across the state or does it vary? If it is uniform, please describe.

There is no mortgage tax in Mississippi.


R.E.P. by Practice (Answer)
V 1

Missouri Mortgage Tax

R.E.P. Topic by State (Question)

Is there a mortgage tax in your state? If yes, is it uniform across the state or does it vary? If it is uniform, please describe.

None.


R.E.P. by Practice (Answer)
V 1

Montana Mortgage Tax

R.E.P. Topic by State (Question)

Is there a mortgage tax in your state? If yes, is it uniform across the state or does it vary? If it is uniform, please describe.

None.


R.E.P. by Practice (Answer)
V 1

Nebraska Mortgage Tax

R.E.P. Topic by State (Question)

Is there a mortgage tax in your state? If yes, is it uniform across the state or does it vary? If it is uniform, please describe.

No.


R.E.P. by Practice (Answer)
V 1

Nevada Mortgage Tax

R.E.P. Topic by State (Question)

Is there a mortgage tax in your state? If yes, is it uniform across the state or does it vary? If it is uniform, please describe.

None.


R.E.P. by Practice (Answer)
V 1

New Hampshire Mortgage Tax

R.E.P. Topic by State (Question)

Is there a mortgage tax in your state? If yes, is it uniform across the state or does it vary? If it is uniform, please describe.

No.


R.E.P. by Practice (Answer)
V 1

New Jersey Mortgage Tax

R.E.P. Topic by State (Question)

Is there a mortgage tax in your state? If yes, is it uniform across the state or does it vary? If it is uniform, please describe.

There is no mortgage tax in NJ.


R.E.P. by Practice (Answer)
V 1

New Mexico Mortgage Tax

R.E.P. Topic by State (Question)

Is there a mortgage tax in your state? If yes, is it uniform across the state or does it vary? If it is uniform, please describe.

No.


R.E.P. by Practice (Answer)
V 1

New York Mortgage Tax

R.E.P. Topic by State (Question)

Is there a mortgage tax in your state? If yes, is it uniform across the state or does it vary? If it is uniform, please describe.

Mortgage recording tax is due on all mortgages over $10,000.00 in all counties in New York on the amount actually secured by the mortgage. Some cities and counties impose additional mortgage recording taxes. The tax rates vary by amount of mortgage, location and use of the property. See NY Tax Law Section 250 et seq.


R.E.P. by Practice (Answer)
V 1

North Carolina Mortgage Tax

R.E.P. Topic by State (Question)

Is there a mortgage tax in your state? If yes, is it uniform across the state or does it vary? If it is uniform, please describe.

There is no mortgage tax in North Carolina.


R.E.P. by Practice (Answer)
V 1

North Dakota Mortgage Tax

R.E.P. Topic by State (Question)

Is there a mortgage tax in your state? If yes, is it uniform across the state or does it vary? If it is uniform, please describe.

No.


R.E.P. by Practice (Answer)
V 1

Ohio Mortgage Tax

R.E.P. Topic by State (Question)

Is there a mortgage tax in your state? If yes, is it uniform across the state or does it vary? If it is uniform, please describe.

None.


R.E.P. by Practice (Answer)
V 1

Oklahoma Mortgage Tax

R.E.P. Topic by State (Question)

Is there a mortgage tax in your state? If yes, is it uniform across the state or does it vary? If it is uniform, please describe.

The current rate for mortgage tax is $ .10 per one hundred dollars of indebtedness for a maturity date of 5 years or longer; plus a mortgage certification fee of $5.00. This tax is uniform across the State. 68 O.S. §1904.


R.E.P. by Practice (Answer)
V 1

Oregon Mortgage Tax

R.E.P. Topic by State (Question)

Is there a mortgage tax in your state? If yes, is it uniform across the state or does it vary? If it is uniform, please describe.

No.


R.E.P. by Practice (Answer)
V 1

Pennsylvania Mortgage Tax

R.E.P. Topic by State (Question)

Is there a mortgage tax in your state? If yes, is it uniform across the state or does it vary? If it is uniform, please describe.

None.


R.E.P. by Practice (Answer)
V 1

Rhode Island Mortgage Tax

R.E.P. Topic by State (Question)

Is there a mortgage tax in your state? If yes, is it uniform across the state or does it vary? If it is uniform, please describe.

There is no mortgage tax in Rhode Island.


R.E.P. by Practice (Answer)
V 1

South Carolina Mortgage Tax

R.E.P. Topic by State (Question)

Is there a mortgage tax in your state? If yes, is it uniform across the state or does it vary? If it is uniform, please describe.

None.


R.E.P. by Practice (Answer)
V 1

South Dakota Mortgage Tax

R.E.P. Topic by State (Question)

Is there a mortgage tax in your state? If yes, is it uniform across the state or does it vary? If it is uniform, please describe.

No.


R.E.P. by Practice (Answer)
V 1

Tennessee Mortgage Tax

R.E.P. Topic by State (Question)

Is there a mortgage tax in your state? If yes, is it uniform across the state or does it vary? If it is uniform, please describe.

Yes. Mortgage tax is uniform throughout the state. Mortgage tax is 11.5 cents per $100.00, with the first $2,000.00 exempt.


R.E.P. by Practice (Answer)
V 1

Texas Mortgage Tax

R.E.P. Topic by State (Question)

Is there a mortgage tax in your state? If yes, is it uniform across the state or does it vary? If it is uniform, please describe.

No.


R.E.P. by Practice (Answer)
V 1

Utah Mortgage Tax

R.E.P. Topic by State (Question)

Is there a mortgage tax in your state? If yes, is it uniform across the state or does it vary? If it is uniform, please describe.

There is no mortgage tax in Utah.


R.E.P. by Practice (Answer)
V 1

Vermont Mortgage Tax

R.E.P. Topic by State (Question)

Is there a mortgage tax in your state? If yes, is it uniform across the state or does it vary? If it is uniform, please describe.

No.


R.E.P. by Practice (Answer)
V 1

Virginia Mortgage Tax

R.E.P. Topic by State (Question)

Is there a mortgage tax in your state? If yes, is it uniform across the state or does it vary? If it is uniform, please describe.

Yes, mortgage tax is uniform throughout the state.
In addition to the County tax of 8.33 cents per $100 and subject to the exemptions set forth in Title 58.1 of the Code of Virginia, the maximum tax on the recordation of any deed of trust or mortgage … shall be determined in accordance with the following schedule:
On the first $10 million of value as determined pursuant to this section, 25 cents upon every $100 or portion thereof;
On the next $10 million of value as determined pursuant to this section, 22 cents upon every $100 or portion thereof;
On the next $10 million of value as determined pursuant to this section, 19 cents upon every $100 or portion thereof;
On the next $10 million of value as determined pursuant to this section, 16 cents upon every $100 or portion thereof; and
On all over $40 million of value as determined pursuant to this section, 13 cents upon every $100 or portion thereof, incorporated into this section.
(Code 1950, § 58-55; 1972, c. 186; 1977, c. 611; 1978, cc. 68, 805; 1982, c. 630; 1983, c. 553; 1984, c. 675; 1998, c. 349; 2004, Sp. Sess. I, c. 3.)


R.E.P. by Practice (Answer)
V 1

Washington Mortgage Tax

R.E.P. Topic by State (Question)

Is there a mortgage tax in your state? If yes, is it uniform across the state or does it vary? If it is uniform, please describe.

No.


R.E.P. by Practice (Answer)
V 1

West Virginia Mortgage Tax

R.E.P. Topic by State (Question)

Is there a mortgage tax in your state? If yes, is it uniform across the state or does it vary? If it is uniform, please describe.

No.


R.E.P. by Practice (Answer)
V 1

Wisconsin Mortgage Tax

R.E.P. Topic by State (Question)

Is there a mortgage tax in your state? If yes, is it uniform across the state or does it vary? If it is uniform, please describe.

Wisconsin does not have a mortgage tax.


R.E.P. by Practice (Answer)
V 1

Wyoming Mortgage Tax

R.E.P. Topic by State (Question)

Is there a mortgage tax in your state? If yes, is it uniform across the state or does it vary? If it is uniform, please describe.

There is no mortgage tax in Wyoming.