SOMETHING'S WRONG.
As security for the $5,000,000 working capital loan your business needs, the lender requires liens on your company's land, buildings, equipment, inventory, and receivables. These liens are perfected by filing security instruments with governmental authorities.
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VIRGINIA
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| $ 100.00 |
Filing Fees |
$ 27.00 |
| +33,000.00 |
Recordation Tax* |
+10,000.00 |
|
$33,100.00* |
TOTAL COST |
$10,027.00 |
$33,000 is the median.
TRANSFER COSTS
Thanks to recordation taxes and transfer taxes, the costs of transferring real estate in Maryland are third highest in the country. On a transfer the combined tax can amount to as much as 3% of the purchase price in the case of a sale, or 3% of the capitalized value of rent in the case of a lease. Even transfers to privately held corporations and partnerships solely for management, limited liability, or estate planning purposes are subjected to these taxes, although real money hasn't changed hands.
