§ 11-3-102. RECORDATION TAX.

(a)

Required. A person shall pay the recordation tax imposed under this subtitle when the person:

(1)

Records an instrument of writing conveying title or an instrument of writing securing a debt with the Clerk of the Circuit Court for the county; or

(2)

Incurs additional debt secured by an instrument of writing conveying title or an instrument of writing securing a debt previously recorded.

(b)

Rate. In accordance with Title 12 of the Tax-Property Article of the Annotated Code of Maryland and the authority granted under § 11-1-102 of this article, the rates of tax applicable to instruments recorded with the Clerk of the Circuit Court for the county after June 30, 1981 are:

(1)

For an instrument of writing conveying title to property, $2.50 for each $500 or fraction of $500 of the consideration paid or to be paid; and

(2)

For an instrument of writing securing a debt, $2.50 for each $500 of the principal amount of the debt secured.

(1988 Code, §§ 33-301, 3-302) (Bill No. 87, 1990, § 2, 8-13-1990; Bill No. 33-03, § 2, 7-1-2004; Bill No. 42-05, § 1, 5-15-2005)