Madison County, AL
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RECORDING FEES EFFECTIVE APRIL 1, 2013
PLEASE NOTE:
An adequate size self-addressed stamped envelope is required with all mailed documents to ensure their proper return to the filing entity
A 3-inch margin is required at the top of the first page of each document presented for recording
Imaging Fee | $10.00 |
---|---|
Per Page |
2.50 |
Filing Fee | 1.00 |
Microfilm | .25 |
Mental Health Fee | 12.00 |
TOTAL: | $25.75 for first page; $2.50 per each additional page |
DEED TAX is .50 per $500, or $1.00 per $1000.00 based on the appraised value or purchase price (a minimum of .50 must be paid if 100% financed)
As of August 1, 2012, RT-1 Real Estate Sales Validation form must be completed and accompany all deeds unless information contained in the RT-1 form is incorporated into the deed. An additional $2.50 page fee will be charged for the recording of this form. This form is available under our forms tab. This RT-1 form does not apply to correction deeds.
MORTGAGE TAX is .15 per $100.00 or $1.50 per $1000.00 of amount financed.
Mortgage tax is to be rounded UP to the next highest $100.00 on a fraction thereof; i.e. $24,550 would be rounded up to $24,600 x .0015. Mortgages and deeds to exempt entities are SUBJECT to an additional .50 no tax stamp fee.
DEEDS AND MORTGAGES FILED SIMULTANEOUSLY: The tax is paid on the deed in the amount of the down payment or equity. If the total purchase price is financed in the mortgage, then the DEED TAX is a minimum of .50. If a deed is filed with a tax-exempt mortgage, DEED TAX is based on the full purchase price or appraised value.
INDEXING & REFERENCE FEES:
2 Grantor/Mortgagors for free
2 Grantee/Mortgagee for free
2 Cross reference/related instruments for free
*Any additional after 2 is $1 each*
**This includes a/k/a, d/b/a, f/k/a, trust and trustees of a trust, administrators, personal representatives, estate of deceased, mortgage electronic registration systems (MERS) and companies listed as manager, member, or partner**
MISCELLANEOUS DOCUMENTS: Releases, Assignments, Affidavits, Certificate of Judgment, Liens, Powers of Attorney, etc. Please use the above basic recording fees as shown for deeds and mortgages.
CERTIFIED COPIES: All requested copies are $1 per page plus $2 for certification
ASSIGNMENTS:
(a) Indexed from the assignor and the borrowers as grantors to the assignee as grantee.
(b) $1.00 per additional name over two for either grantor or grantee.
(c) If you have one assignor and two borrowers, there is an additional $1.00 charge
MODIFICATION OF MORTGAGE:
(a) Indexed from the borrower and the lender as grantor to the lender as grantee.
(b) $1.00 per additional name over two for either grantor or grantee.
(c) If you are not advancing any more money or extending the maturity date, no additional mortgage tax is due.
(d) If you are advancing additional money, mortgage tax is due only on the increase.
(e) If you are extending the maturity date, mortgage tax is due on the unpaid balance of the loan.
(f) If you advance additional money and extend the maturity date, mortgage tax is due on the new unpaid balance of the loan.
(g) If your modification includes a maturity date, when there was not one on the original filing, mortgage tax is due on the unpaid balance of the loan.
SHERIFF’S LEVY AND LIS PENDENS:
(a) Index all names as grantors and as grantees.
(b) $1.00 per additional name over two for either grantor or grantee.
SUBORDINATION AGREEMENTS:
(a) Indexed from the Subordinating Lender and the borrowers as grantors to the new lender as grantee.
(b) $1.00 per additional name over two either for grantor or grantee.
UCC FIXTURE FILINGS: Only fixture filings are accepted at the county level. All other UCC filings go directly to the Alabama Secretary of State
UCC-1; UCC-3 AMENDMENTS, ASSIGNMENTS, PARTIAL RELEASES:
First two pages $42.00; each additional page $2.00
UCC-3 TERMINATIONS: $22.00 flat fee no matter how many pages. No additional fees are due for extra names or extra references. When a UCC fixture filing is the only evidence of a debt (when it is not additional security to a real estate mortgage) mortgage tax is due on the amount of the indebtedness at $1.50 per thousand. Examples of this are debts for heating/air conditioning units, pools, flooring, fences, etc.
PLAT: $33.25 for first sheet with 20 lots, each additional sheet $10, each additional lot $.50. 1 file copy stamp is free, each additional sheet $1. One (1) mylar copy is required for recording.
Due to the complexity of laws and procedures of the Probate Court, we strongly suggest that you seek the advice of a licensed attorney. The Probate Judge, Chief Clerk and Staff of the Probate Court are prohibited by law to offer any legal advice.