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Philadelphia Records Department Announces Fee Increase
Philadelphia Records Department Announces Fee Increase
Effective February 20, 2012 the Philadelphia Records Department will institute a new Fee Schedule. Records Commissioner Joan Decker recently released the new fee breakdown. Although the increase is not all that much it is important to note especially with the new GFE Rules for loan origina
tors.
For those consumers out there reading this please contact a Philadelphia Title Company with any questions. Essentially your fees on line 1201 will be slightly increased for any Deed or Mortgage being recorded. For those investors purchasing in Philadelphia you will note a slight increase in recordation for UCC recording.
Philadelphia Transfer Tax remains at the lofty 3% of the purchase price in conjunction with Pennsylvania Realty Transfer tax at 1%. Below is a more thorough breakdown of the changes about to take place.
Pursuant to PA Act No. 49 amending Title 42 (Judiciary and Judicial Procedures) and effective December 8, 2009, the following is the list of restated fees:
RESTATED FEES OF THE DEPARTMENT OF RECORDS
DEED – Recording Fee………………………………………………………………………………………… $102.00
Philadelphia Housing Trust Fund Fee …………………………………………………………………….. 102.00
State Writ Tax………………………………………………………….………….……………… .50
County Fee……………………………………………………………………………………….. 2.00
Access to Justice Fee…………………………………………………………………………… 23.50
Total…………………………………………………………………………………….. $230.00
DEED – Deceased Spouse/Partner
State Writ Tax………………………………………………………….………….……………… .50
County Fee……………………………………………………………………………………….. 2.00
Access to Justice Fee…………………………………………………………………………… 23.50
Total…………………………………………………………………………………….. $26.00
MORTGAGE - Recording Fee……………………………………………………………………… $87.00
Philadelphia Housing Trust Fund Fee ……………………………………………………………………….. 87.00
State Writ Tax……………………………………………………….…………………………… .50
County Fee………………………………………………………………………………………. 2.00
Access to Justice Fee…………………………………………………………………………… 23.50
Total……………………………………………………………………………………. $200.00
ASSIGNMENT OF MORTGAGE – Recording Fee……………………………………………….. $86.00
Philadelphia Housing Trust Fund Fee …………………………………………………………………… 86.00
State Writ Tax…………………………………………………….……………………………… .50
County Fee………………………………………………………………………………………. 2.00
Access to Justice Fee…………………………………………………………………………… 23.50
Total……………………………………………………………………………………. $198.00
RELEASE OF MORTGAGE – Recording Fee……………………..….………………………….. $86.00
Philadelphia Housing Trust Fund Fee……………………………………………………………………………. 86.00
State Writ Tax……………………………………………………………………………………. .50
County Fee………………………………………………………………………………………. 2.00
Access to Justice Fee…………………………………………………………………………… 23.50
Total……………………………………………………………………………………. $198.00
MORTGAGE SATISFACTION PIECE – Recording Fee…………………………………………. $86.00
Philadelphia Housing Trust Fund Fee ……………………………………………………………………. 86.00
State Writ Tax……………………………………………………………….…………………….. .50
County Fee………………………………………………………………………………………. 2.00
Access to Justice Fee…………………………………………………………………………… 23.50
Total……………………………………………………………………………………. $198.00
NOTARY PUBLIC COMMISSION AND BOND – Recording Fee…………..………………… $86.00
State Writ Tax………………………………………………………………..………………….. .50
County Fee…………………………………………………………………..…………………… 2.00
Special Writ Tax 1…………………………………………………………..…………………… 2.00
Special Writ Tax 2……………………………………………………………………………….. 10.00
Total…………………………………………………………………………………….. $ 100.50
UCC (per document) $95.00
Department of Records Recording Fee 86.00
State Writ Tax .50
County Fee 2.00
Total $183.50