Principal residences are paid semi-annually, and non-principal residences and investment properties are paid annually.
For principal residences:
Taxes due on 9/30 for the period of 7/1 – 12/31
Taxes due on 12/31 for the period of 1/1 – 6/30
For non-principal residences and investment properties:
Taxes due on 9/30 for the period 7/1 – 6/30
UPDATED 5 JUNE 2020 | INFORMATION IS RELIABLE BUT NOT GUARANTEED
Virginia
Recordation tax
State and County Trust Tax = $3.33 per $1000 of the new Deed of Trust loan amount
$2.00 per $1000 is charged on "new money" (difference of increase in loan amount) if payoff lender and new originating lender are the same.
EXAMPLE: Original mortgage was for $500,000 and the principle payoff is now $350,000. The new mortgage is for $400,000
$400,000 - $350,000 = $50,000
The taxed amount is on $50,000
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Recording fees (Deeds, Deeds of Trust, etc.)
$33 to record a deed and $66 to record a mortgage, regardless of the number of pages in the documents. This generally results in a total recording charge of approximately $99.