[Adopted by Ord. No. 92-08]
A. 
Definitions. The terms and phrases in this section have the same meanings as in Title 13 of the Tax-Property Article of the Annotated Code of Maryland.
B. 
Imposition. Pursuant to § 13-402.1 of the Tax-Property Article of the Annotated Code of Maryland, a County transfer tax is imposed on:
(1) 
Any instrument of writing recorded with the Clerk of the Circuit Court for Queen Anne's County; and
(2) 
Documents subject to a County transfer tax under § 13-404 of the Tax-Property Article of the Annotated Code of Maryland.
C. 
Rate.
(1) 
The County transfer tax is imposed at a rate of 0.5% of the consideration payable for the instrument of writing.
(2) 
The consideration includes the amount of any mortgage or deed of trust assumed by the grantee.
D. 
Exemptions. The County transfer tax does not apply to any instrument of writing exempt from the state transfer tax, including exemptions under §§ 13-203, 13-207, and 13-404 of the Tax-Property Article of the Annotated Code of Maryland; provided, however, that the entire amount of County transfer tax shall be paid by the seller of improved, residential real property that is sold to a first-time Maryland home buyer who will occupy the property as a principal residence, unless there is an express agreement between the parties to the agreement that the County transfer tax will not be paid entirely by the seller pursuant to § 14-104(c) of the Real Property Article of the Annotated Code of Maryland.
[Amended 8-13-2019 by Ord. No. 19-12]