Virginia Tax Table Update Notification - Update Coming Soon

The calculation of recordation tax on a refinance deed of trust recorded on and after July 1st has been revised to eliminate the exemption for amounts refinanced with the same lender.  Instead, the recordation tax on a deed of trust given to refinance any existing debt will be according to set tiers, starting at $0.18 per hundred on the first $10 million of value.

We are working on updating these tables and estimate to have them completed by the end of May. An e-mail notification will be sent when they are available.

Posted on 5/4/2012 11:42:00 AM by Amanda Sadeghin

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