| How
to Record a Deed in Calvert County
Any
deed or document that effects a change of ownership must be accompanied
by: (1) a completed intake
sheet, (2) a copy of the complete deed for submission to the Department
of Assessments and Taxation, (3) certificate of preparation by a Maryland
Attorney or one of the parties named in the instrument, (4) check payable
to the Clerk of Circuit Court for the proper amount of recording fees,
state recordation tax and transfer tax, (5) a certificate of residency
and/or an affidavit of total payment amount and a separate check for the
exact amount of the Non-Resident Withholding Tax made payable to the Clerk
of Circuit Court. (You may obtain information on the certification of residency
and/or total payment of Non-Resident Withholding tax by calling 1-800-638-2937
or on the Comptroller’s website at www.marylandtaxes.com. DEEDS
WILL NOT BE ACCEPTED BY MAIL TO THE CLERK OF CIRCUIT COURT UNLESS THE PREREQUISITES
TO RECORDING HAVE BEEN MET.
1. Prior to presenting a deed for recording, all deeds must be reviewed
and stamped by the Treasurer of Calvert County, located in the Courthouse,
175 Main Street, Prince Frederick, Md. 20678. 410-535-1600 ext. 2272.
2. Deeds must: have a certificate of preparation by a Maryland Attorney
or one of the parties named in the instruments, be signed by the grantors
which should be acknowledged before a Notary Public, and contain the legal
description of the property including the property tax ID.
Deeds meeting the prerequisites to recording may be presented to the
Clerk of Circuit Court, 175 Main Street, Prince Frederick, Md. 20678.
3.
Costs:
(For costs in all jurisdictions, see Real Estate Information, compiled by the Maryland State Bar Association.)
Recording
Fees:
$20.00
for any deed nine (9) pages or less in length or if it involves solely
a principal residence or
$75.00
for any deed ten (10) pages or more in length.
Surcharge:
$20.00
for all documents including financing statements recorded in land except,
notices of sale, powers of attorney, and financing statements filed in
chattel records.
Taxes,
if applicable
Taxes
are based on the actual consideration to be paid including the amount of
any mortgage or deed of trust assumed by the grantee. A statement
of the amount of actual consideration shall either be included in every
taxable instrument offered for record as part of its recitals or as part
of the acknowledgment, or be contained in a separate affidavit accompanying
the instrument. The affidavit is to be signed under the penalties
of perjury by a party to the instrument or the agent of such party.
State
Recordation Taxes, if applicable:
$5.00
per each $500.00 of consideration, round up to the nearest $500.00.
State
Transfer Taxes:
½
of 1% of the consideration.
There
is a .25% state transfer tax rate for a first-time Maryland home buyers
purchasing a principal place of residence. If there a multiple grantees
on the deed, all must be either first-time Maryland home buyers acquiring
their principal residence or persons joining in the deed and purchase money
deed of trust as co-makers or guarantors. To qualify for this exemption,
each grantee must provide a statement under oath, signed by the grantee
stating that the grantee is a first-time Maryland home buyer who will occupy
the residence as a principal residence or is a co-maker or guarantor of
the purchase money mortgage/deed of trust who will not occupy the residence
as a principal residence. The State Transfer Tax on such a deed is
payable by the seller and may not be shifted to the purchaser.
County
Transfer Tax:
None in Calvert County
Other
Recording Fees:
$10.00
for a release nine(9) pages or less in length
$15.00
for a notice of sale
$20.00
for a power of attorney
$20.00
for any other instrument nine(9) pages or less in length or for any instrument
over nine(9) pages if it involves solely a principal residence
$75.00
for any other instrument ten(10) pages or more in length.
Surcharge:
$20.00
for all documents including financing statements recorded in land except,
notices of sale, powers of attorney, and financing statements filed in
chattel records.
FOR
LEGAL QUESTIONS, PLEASE CONTACT AN ATTORNEY. |