- October 14, 2004
- Special Counsel
- Mortgage Tax Increases
The mortgage tax has increased inDelaware, Sullivan and Columbia counties on any mortgage recorded after November 1, 2004, as follows:
|Old Rate||New Rate|
These rates are the total rate. For 1 or 2 family residential, .25% is paid by the lender.
Additionally, legislation has been passed authorizing Genesee County to increase its mortgage tax from 1.00% to 1.25%. This will become effective after the Genesee County legislature passes a local law.
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