Maryland’s Tax on Refinancings Increases

May 24, 2012 — 4 Comments

Summary
On May 22, 2012, Maryland’s Governor O’Malley signed legislation mandating that indemnity mortgages and indemnity deeds of trust will be subject to recordation taxes. Property owners now have just over a month to refinance their properties or pay higher taxes.

Maryland Property Taxes Increase – Article

4 responses to Maryland’s Tax on Refinancings Increases

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Trackbacks and Pingbacks:

  1. Maryland Income Tax Increase Revisited | The Joy of Tax Law - June 14, 2012

    […] On May 22, Maryland Gov. Martin O’Malley, the chairman of the Democratic Governors’ Association, signed into law changes to Maryland’s individual income taxes. […]

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  2. Adjust Your Tax Withholdings to Control Your Refunds | The Joy of Tax Law - June 5, 2012

    […] changes can be done on a smaller level than the Federal government. It is vital to be aware of your state tax withholding as well. You could give yourself a big monthly income boost by cutting your tax refunds […]

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