Tax on Documents
Deeds: Documentary stamps must be placed on any deed or other like instrument conveying any interest in real property (land) at the rate of 70¢ per $100.00 (or fraction thereof of the full purchase price.) A 70¢ stamp must be placed on any gift of property or any deed with a property valuation of less than $100.00.
Mortgages and written obligations to pay money are taxed at the rate of 35¢ per $100.00 (or fraction thereof.)
Agreements & Contracts for Deeds are taxed at the rate of 35¢ per $100.00 (or fraction thereof)on the amount of any payments made and the unpaid balance of the agreement or contract; plus, tax at the rate of 70¢ per $100.00 (or fraction thereof) of the full purchase price. Stamp tax is not due again on the recorded deed made pursuant to the contract.