Mortgage Taxes Explained
Mortgage tax is calculated by dividing the amount of the mortgage by $100 (or part thereof), then multiplying that figure by a rate determined by the term of the mortgage, plus a 5.00 Certification Fee.
Mortgage Tax Rate Table
Mortgage Term: | Tax Rate per $100 (or part) |
is 5 years or more | .10 |
is 4 years and less than 5 years | .08 |
is 3 years and less than 4 years | .06 |
is 2 years and less than 3 years | .04 |
is less than 2 years | .02 |
Make checks payable to the County Treasurer.