Santa Rosa, CA – December 12, 2017 – December 8, 2017 – Beginning on January 1, 2018, there will be an increase in recording fees due to a new state law that requires County Recorders to assess an additional $75 per title on recorded documents, unless specifically exempted. The current recording fee is $14 for the first standard page and $3 for each additional page.
The new law adds California Government Code section 27388.1 (Senate Bill 2 – Building Homes and Jobs Act), which sets forth the additional fee to be collected, as well as the exemptions. Exemptions include sales or transfers of property with Documentary Transfer Tax and transfers of residential, owner-occupied property, and the related documents recorded along with the transfer. The fee has a maximum of $225 for each single transaction per parcel of property.
Common documents that may have the fee assessed include refinancing documents, maps, abstracts of judgments, notices of default or trustee sale, lien releases, mechanic’s liens, and notices of completion.
The County Clerk-Recorder’s Office will be required to collect the fee on behalf of the state, where it will be available for local governments to update planning documents and zoning ordinances in order to streamline and accelerate housing production, as well as to assist persons experiencing or at risk of homelessness.
“While we support the intent of the funding, we are aware that the increase in recording fees will impact some of our Sonoma County residents,” said Sonoma County Clerk-Recorder-Assessor Bill Rousseau, “and we want to make sure they are aware of the changes.”
Other usages for the funds collected include addressing affordable homeownership and rental housing opportunities for agricultural workers and their families, and creating mixed income multifamily residential housing for lower to moderate income households.
For more information on the recording fee and the exemptions, please visit http://sonomacounty.ca.gov/CRA/Clerk-Recorder/Building-Homes-and-Jobs-Act-Fee/
For more information on the Building Homes and Job bill, please visit http://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=201720180SB2.