Choice Real Estate®'s Blog: Maryland Closing Costs

Howard County: 301-694-1111
Recordation Tax              $5.00        per thousand
Transfer Tax                     1.0%         (.5% County + .5% State)
Property Tax                      $1.176       per hundred assessed value
                                                           ($1.044 County + $.132 State)
Water and Sewer               $.08 Fire – each district different, lowest $.088, highest $.108
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FREDERICK COUNTY: 301-694-1111
Recordation Tax              $12.00       per thousand
Transfer Tax                     .5%         (No County + .5% State)
Property Tax                     $1.132      per hundred assessed value
                                                             ($1.00 County + $.132 State)
Fire Tax                                              ($.065 to $.135), call tax office.

Direct any questions to the Clerk of the Court, 301-600-1976.  If refinancing, you will be charged the state recordation tax on any new money (not just "cash out") and on the entire new loan if an investment… Read Full Post

Prince George's county govt. phone# 301-883-7300

Recordation Tax              $4.40       per thousand
Transfer Tax                     1.9%       (1.4% County + .5% State)
- Recordation Tax also charged on refinances and 2nd trusts if property is not owner occupied. 
- Recordation Tax also charged if owner occupied but 12 months has not elapsed since property was purchased.  The tax will be based on the difference between the original loan amount and the new loan amount (called "new money").

Property Tax                     $1.092      per hundred assessed value
                                                              (.96 County + $.132 State)
MNCPPC                          $.244         Storm Water $.054, WSTC $.026

View property… Read Full Post

Montgomery County Maryland govt. phone # 240-777-8950

Recordation Tax              $6.90       per thousand
Transfer Tax                     1.5%      (1.0% County + .50% State)
First $50,000 used to calculate Recordation Tax is exempt if property is owner occupied
Property Tax                     $0.883     per hundred assessed value
                                                         ($.751 County + $.132 State)
View Montgomery County property tax records online.Read Full Post