The information below is courtesy of Federal Title. You can find the complete page here.

DC

Purchase Transactions

• DC Recordation is calculated using the purchase price.Transactions $399,999 and under are taxed at the rate of 1.1% of the purchase price. Example: $300,000 x 1.1% = $3,300. So the buyer and seller would each pay $3,300 for a total of $6,600 paid to DC.Transactions $400,000 and above are taxed at the rate of 1.45% of the purchase price. Example: $500,000 x 1.45% = $7,250. So the buyer and seller would each pay $7,250 for a total of $14,500 paid to DC.

  Please Note: For transactions on or after October 1, 2006, DC Transfer/Recordation Tax will increase to 1.45% for transactions in the amount of $400K and above. All residential transactions under $400K will remain at 1.1%. All commercial transactions will be 1.45%.

  See information about the DC Tax Abatement Program here: DC Tax Abatement Program

Refinance Transactions

• Residential Properties are exempt; DC does not tax a Deed of Trust so long as the property is Class I or Class II (i.e., residential).

Recording Fees

• $26.50 for the first two pages and $7 for each page thereafter. This generally results in a total recording cost of approximately $290 on purchases and approximately $215 on refinances.

Property Taxes

Taxes are paid semi-annually, the two tax periods are:

• Taxes due on 3/15 for the period of 10/1 - 3/31.

• Taxes due on 9/15 for the period of 4/1 - 9/30.

VA

Purchase Transactions - All Counties

• Deed Tax = $3.33 per $1000 of Purchase Price.
• Trust Tax = $3.33 per $1000 of loan amount.

Refinance Transactions - All Counties

• Trust Tax = $3.33 per $1000 of loan amount.

If payoff lender is same as new originating lender, borrower pays $2 per $1000 only on the difference of increase of loan amount.

Recording Fees

$33.00 to record a deed and $66.00 to record a mortgage, regardless of the number of pages in the documents. This generally results in a total recording charge of approximately $99 for both purchases and refinances.

Property Taxes

Taxes are paid semi-annually, due dates vary by county. A few counties are outlined below:

• Fairfax County,
  • First Half due 7/28
  • Second Half due 12/5
  • 703-222-8234
• Arlington
  • First Half due 6/5
  • Second Half due 10/5
  • 703-228-3090
• City of Alexandria
  • First Half due 6/15
  • Second Half due 11/15
  • 703-838-4777
• Prince William
  • First Half due 7/28
  • Second Half due 12/5
  • 703-792-6710

MD

Purchase Transactions

• State Transfer Tax is 0.25% to purchasers for all counties. Note:If first-time Maryland Homebuyer and will occupy property as principal residence, then borrower is exempt from this tax. However, all purchasers must be first-time Homebuyers in Maryland in order to qualify.
• State Recordation Tax (see chart below).
• County Transfer Tax (see chart below).

Refinance Transactions

• State Recordation Tax (see chart below) based on loan amount*.
• On principal residence transactions, the borrower pays State Recordation Tax only on the difference between the new loan amount and the existing principal balance.
• If the property is not a principal residence, please contact Federal Title & Escrow Company for calculating transfer and recordation taxes.

Recording Fees for Residential Properties

• $40 for each Deed or Deed of Trust.
• $40 per release.

This generally results in a total recording charge of approximately $90 for purchases and approximately $80 for refinances.

County	Recordation Tax*	County T-fer Tax**	Property Tax Rate***	Code
Allegheny	$3.00	0.25%	$1.132	1
Baltimore County^	$2.50	0.75%	$1.247	2
Calvert	$5.00	None	$1.024	--
Carroll	$5.00	None	$1.180	8
Charles	$5.00	None	$1.148	--
Frederick	$6.00	None	$1.132	--
Harford	$3.30	0.50%	$1.224	1-8
Kent	$3.30	0.25%	$1.144	--
Prince George's	$2.20	0.70%	$1.092	--
St. Mary's	$4.00	0.50%	$1.040	1
Talbot	$3.30	0.50%	$0.685	5
Wicomico	$3.50	None	$1.173	5

Note:The above Transfer & Recordation Taxes are based on customary splits(apportionment) between buyer and seller, the split is typically 50-50. In some cases, the parties may reallocate the responsibility to pay Transfer & Recordation Taxes. We advise that you carefully review the sales contract prior to calculating the Transfer & Recordation Taxes. If you have any questions, please contact us at services@federaltitle.com.

* Per $1,000 of purchase price (based on loan amount for refinancing transactions)

** Percent of purchase price

*** Per $100 of value (includes state real property tax of ...084/$100). ^Please note that we do not offer services in this area.Note: Tax rate may vary in cities of other incorporated areas.

1. The first $30,000 is exempt for owner occupied principal residence.
2. The first $22,000 is exempt for owner occupied principal residence.
3. The first $25,000 is exempt for owner occupied principal residence OR the first $75,000 is exempt for owner occupied principal residence AND first-time Maryland Homebuyers.
4. Surcharge of $10 per Deed/Deed of Trust.
5. The first $50,000 is exempt from Recordation Tax for owner-occupied principal residence.
6. Exempt for first time Maryland Homebuyer.
7. Washington County has a 2% Agriculture Tax, if applicable.
8. These counties require a lien certificate, fee ranging $25 - $55.

Property Taxes

Principal residences are paid semi-annually, investment properties are paid annually.

• Taxes due on 9/30 for the period of 7/1 - 12/31.
• Taxes due on 12/31 for the period of 1/1 - 6/30.

Updated on 9/6/2006 - This information is deemed reliable, but not guaranteed.