Are municipalities or other government entities subject to recordation tax?

No.  There is no recordation tax due on a transfer of property to or from a government entity or on any instrument evidencing an indebtedness in which a municipality is the holder or owner of the indebtedness.  Government entities include government owned public utilities, farm credit services, or any political subdivision of the state, federal or local government.

Not finding answers? Submit a request

Comments

Powered by Zendesk