[Adopted 7-2-1996 by Bill No. 1-96]
A recordation tax rate of $3.30 is to be applied to each $500 or fraction of $500 of consideration payable or of the principal amount of all of debt secured by an instrument in writing. Consideration payable includes the amount of any mortgage or Deed of Trust assumed by the grantee.
The recordation tax shall be collected by the Clerk of the Circuit Court prior to accepting any such instrument for recordation.