Check out these updates on predictable fee recording, conveyances of real property, filing and recording fees, and a new TDI rule.
Illinois
New predictable fee recording chart effective May 20, 2019 for Cook County IL.
See new fees here: Cook County Recording Fees.
South Carolina
Filing and recording fees effective date August 1, 2019. An act to amend Section 8-21-310, Code of Laws of South Carolina, 1976, relating to a schedule of specified filing and recording fees, so as to revise and further provide for various filing fees, including a flat fee for various documents.
New York
Beginning on July 1, 2019, certain conveyances of real property or interests therein, located in New York City (other than a conveyance made pursuant to a binding written contract entered into on or before April 1, 2019) are also subject to the following taxes:
- A tax of $1.25 for each $500, or fractional part thereof, when the consideration for the entire conveyance of residential real property is $3 million or more ("additional base tax").
- An additional base tax of $1.25 for each $500, or fractional part thereof, when the consideration for the entire conveyance of property other than residential real property is $2 million or more.
- A supplemental tax on the conveyance of residential real property, or interest therein, where the consideration is $2 million or more. The tax rate is an incremental rate between .25% and 2.9% based on the purchase price. The rates are published in Form TP-584-NYC-1, Instructions for Form TP-584-NYC.
Vermont
Recording fees increased effective July 1, 2019. See new recording fees here: Vermont Updated Recording Fees.
Texas
TDI has adopted rate and rule revisions Effective September 1, 2019. Additional Information can be found here: Texas Adopts Order for Rate and Rule Revisions.