Recording fee; exceptions

# (A)

In addition to all other recording fees, a recording fee is imposed for the privilege of recording a deed in which land and improvements on the land, tenements, or other realty is transferred to another person. The fee is one dollar eighty-five cents for each five hundred dollars, or fractional part of five hundred dollars, of the realty's value as determined by Section 12-24-30.

# (B)

An instrument or deed of distribution assigning, transferring, or releasing real property to the distributee of a decedent's estate pursuant to Section 62-3-907 as evidence of the distributee's title to the property is not a deed subject to this chapter. In addition, a deed transferring real property from a trust to a trust distributee upon the trust settlor's death, pursuant to the trust terms, is not a deed subject to this chapter if a deed of distribution would be the appropriate instrument to transfer the subject property if the property were part of the decedent's probate estate.

Last amended: 1996 Act No. 458, Part II, SECTION 57A; 2006 Act No. 323, SECTION 1, eff June 2, 2006; 2008 Act No. 292, SECTION 1, eff June 11, 2008.

Source: view the official text

In this chapter (18 sections)

Full table of contents →