Mortgage recording tax increase and IDA exemptions
Sullivan County
Summary
The mortgage tax doubles to 50 cents per $100, but a commenter pushed for limits on Industrial Development Agency exemptions so new revenue isn't given away; legislators agreed to revisit the issue.
At a glance
- Total mentions
- 2
- Last 30 days
- 2
Discussed at 1 meeting in the last 60 days; most recently Oct 15, 2026.
Impact analysis
Doubles the county's share of mortgage recording revenue, with 50% to the county, 25% each to state and towns per one commenter.
County and town governments gain revenue; property buyers pay slightly more at closing.
Homebuyers and lenders pay higher recording fees at closing.
Mentions & discussions (2)
Economic Development Committee — November 5, 2026
The Industrial Development Agency's September-October activity report shows what tax-incentive deals and business projects are moving in Sullivan County.
County Legislature — October 15, 2026
The mortgage tax doubles to 50 cents per $100, but a commenter pushed for limits on Industrial Development Agency exemptions so new revenue isn't given away; legislators agreed to revisit the issue.
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