Mortgage recording tax increase and IDA exemptions
Summary
The county wants to double the mortgage recording tax from 25 to 50 cents per $100, worth roughly $850,000 to $1 million a year. It passed 4-1.
At a glance
- Total mentions
- 3
- Last 30 days
- 2
Rising — discussed at 3 meetings since Oct 8, 2026, up from 0 in the two months before.
Impact analysis
Roughly $850,000 to $1 million in added annual revenue, paid at real estate closings.
The county general fund, softening property tax pressure.
Home buyers and lenders paying recording fees at closing.
Mentions & discussions (3)
Economic Development Committee — November 5, 2026
The Industrial Development Agency's September-October activity report shows what tax-incentive deals and business projects are moving in Sullivan County.
County Legislature — October 15, 2026
The mortgage tax doubles to 50 cents per $100, but a commenter pushed for limits on Industrial Development Agency exemptions so new revenue isn't given away; legislators agreed to revisit the issue.
Management & Budget Committee — October 8, 2026
The county wants to double the mortgage recording tax from 25 to 50 cents per $100, worth roughly $850,000 to $1 million a year. It passed 4-1.
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