WHAT IS THE TRANSFER TAX RATE IN HARFORD COUNTY AND WHAT IS ITS PURPOSE?
The voters of the County on a 1992 ballot question approved a transfer tax. County Council Bill No. 93-3 adopted the local transfer tax effective July 1, 1993. The transfer tax is imposed at the rate of 1 percent of the consideration payable for instruments of writing recorded with the Clerk of the Circuit Court for Harford County or filed with the State Department of Assessments and Taxation. The proceeds of the tax are distributed 50 percent to Agricultural Land Preservation and 50 percent to school site acquisitions, school construction, or school debt. 38.
