[HISTORY: Adopted as indicated in article histories. Amendments noted where applicable.]
[Adopted as indicated in text (Ch. 95 of the 1990 Code of Public Local Laws)]
[1961 Code, § 121; 1970 Code, Sec. 1-13; 1988, ch. 277, § 2; 11-16-1999; 2000, Ch. 47, § 1; amended 6-16-2015 by Bill No. 2015-06; 11-17-2015 by Bill No. 2015-24; 6-7-2016 by Bill No. 2016-07]
There shall be paid to Cecil County, Maryland, before recording any deed or other instrument involving the transfer of an interest in land, a transfer fee in the amount of 0.5% of the consideration identified in the deed or other instrument recorded with the Clerk of the Court for Cecil County, or $25 if the transfer is for zero consideration.
An instrument of writing for residentially improved owner-occupied real property is exempt from the transfer fee set forth above if the instrument of writing is accompanied by a statement, under oath, signed by each grantee or an agent of the grantee, that:
The grantee is an individual who has never owned in the state residential real property that has been the individual's principal residence, and the residence will be occupied by the grantee as the grantee's principal residence; or
The grantee is a co-maker or guarantor of a purchase money mortgage or purchase money deed of trust, as defined in MD Code Ann., § 12-108(i) of the Tax Property Article, for the property, and the grantee will not occupy the residence as the co-maker's or guarantor's principal residence.
Properties under contract as of June 1, 2015, shall be subject to the existing transfer fee of $10, provided that settlement on the transfer of land occurs on or before August 31, 2015; eligible properties that fail to record the transfer on or before September 15, 2015, at the Cecil County Department of Finance shall be assessed the new transfer fee of 0.5% unless otherwise exempt.