Homeowners take note! Effective December 31, 2019 the Legislature will increase the statewide recording fees for the Community Preservation Act.
The Community Preservation Act (CPA) helps communities preserve open space and historic sites, create affordable housing, and develop outdoor recreational facilities. Funds are raised locally for these purposes through a voter-authorized surcharge on local property tax bills of up to 3%.
It is important to plan for these changes in your own budget as we enter a new year.
If you have any questions, or if you would like to discuss the impact of these changes on your real estate plans for the future, please don’t hesitate to contact us: info@yourhomeforsale.com, 781-645-0505.
Click here for more information on the fee increase.
|
| Current 2019 fees | 2020 fees |
| Deed | $125 | $155 |
| Mortgage | $175 | $205 |
| Municipal Lien Certificate | $65 | $80 |
| Declaration of Homestead | $35 | $35 (no change) |
| Mortgage Discharge, Release or Partial Release | $75 | $105 |
