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WHAT IS THE RECORDATION TAX RATE IN HARFORD COUNTY AND WHAT IS ITS PURPOSE?

April 26, 2017County Harford purpose rate Recordation tax

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WHAT IS THE RECORDATION TAX RATE IN HARFORD COUNTY AND WHAT IS ITS PURPOSE?

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As established by the Annotated Code of Maryland and local County law, recordation taxes are assessed at the rate of $6.60 per $1,000 value of recorded instruments filed with the Clerk of the Circuit Court for Harford County. Of this assessed amount, $4.40 is dedicated for school debt service first, then new construction, major and capital improvements to existing school facilities and portable classrooms; $1.10 is dedicated to an open space land and recreational fund for the purchase of park lands and development of parks and recreation facilities; and $1.10 is dedicated for water and sewer debt service. 36.