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Register of Deeds: legislative changes could reduce county transfer-tax revenue
Summary
Register of Deeds Tanya Belanger told commissioners that amendments to LD1287 would reduce the county's retained transfer-tax share from 10% to 9.2%, potentially reducing county revenue by up to $13,000; related legislative fee-structure changes could net about $90,000 for the county overall. The update was delivered during finance reporting.
Register of Deeds Tanya Belanger updated commissioners on recent legislative changes affecting deed-transfer revenues. She said the Appropriations Committee amended LD1287 to reduce the county's retained share from 10% to 9.2%, which could lower county receipts by as much as $13,000 based on recent transfer activity.
Belanger also noted that changes to transfers exceeding $1,000,000 could net the Deeds office an additional $11,000, and broader legislative adjustments to fee structures should net approximately $90,000 to the county. Finance staff framed these figures as preliminary estimates tied to enacted amendments; the minutes do not record a formal county action tied to these figures at this meeting.
