Recent Examples on the WebIn the law, the UDC is the only specific special-interest group exempted from deed recordation taxes, along with the broader categories of churches; federal, state and local governments; nonprofit hospitals; and corporations making internal property transfers.—Gregory S. Schneider, Washington Post, 7 Feb. 2024 But lagging revenue from property recordation and gas taxes has stymied the county’s ability to proceed with some projects, said Rich Madaleno, the county’s chief administrative officer.—Danny Nguyen, Washington Post, 16 Jan. 2024 Elrich, who has pushed for a dedicated revenue stream for large projects, has drawn from surplus funds to compensate for the decrease in property recordation taxes, but this hasn’t been a comprehensive solution, Madaleno said.—Danny Nguyen, Washington Post, 16 Jan. 2024 At the county’s current recordation tax rate of $5 per $500, a home purchased for $300,000 would be charged a recordation tax of $3,000.—Sherry Greenfield, Baltimore Sun, 26 May 2023 The recordation tax is imposed by the state as compensation for registering the purchase or sale of property.—Sherry Greenfield, Baltimore Sun, 26 May 2023 The county’s operating budget is funded 60% from property taxes, 30% from income taxes and the remainder from recordation taxes, an excise tax imposed by states as compensation for registering the sale of property.—Sherry Greenfield, Baltimore Sun, 21 Sep. 2022 Finance officials have proposed covering both expenses with recordation tax money.—Emily Opilo, baltimoresun.com, 14 Sep. 2021 During last year’s budget process, Ball introduced legislation to raise the county’s recordation tax rate — a one-time fee paid when real estate is sold to a new owner — but the bill couldn’t get majority support among the County Council.—Jacob Calvin Meyer, baltimoresun.com, 1 June 2021
These examples are programmatically compiled from various online sources to illustrate current usage of the word 'recordation.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.
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