Ga. Comp. R. & Regs. r. 560-11-8-.08 — Multi-County Property

(1) With respect to any instrument given as security for a long-term note wherein the real property is located in more than one county, the intangible recording tax shall be paid to each county in which the instrument is recorded. The value of the real property located in each county must be certified under oath by the holder of the note presenting the instrument for recording. (2) The collecting officer in each county shall certify that the proper intangible recording tax has been paid along with any penalties assessed on the instrument. (3) If the holder desires to record the instrument simultaneously in more than one county, the holder should submit a counterpart of the instrument for recording in each individual county. The counterpart should contain the appropriate description of the property that is encumbered in the subject county along with an affidavit that sets forth the value of the real property encumbered in every county being secured by the instrument. Cite as Ga. Comp. R. & Regs. R. 560-11-8-.08 Authority: O.C.G.A. Secs. §§ 48-2-12 , 48-6-4 , 48-6-8 , 48-6-60 , 48-6-61 , 48-6-62 , and 48-6-64 et seq. . History. Original Rule entitled "Multicounty Property" adopted. F. Jun, 17, 1996; eff. July 7, 1996. Amended: F. Jan. 3, 2013; eff. Jan. 23, 2013.