Jan 2018 Additional Recording Fees & Requirements

PUBLIC NOTICE--

Senate Bill (SB) 2 –

Affordable Housing and Jobs Act Fee

Effective January 1, 2018, pursuant to SB2, documents accepted for recording at the Nevada County Recorder’s Office may be charged an additional $75 as follows:

A fee of seventy-five dollars ($75) shall be paid at the time of recording of every real estate instrument, paper, or notice required or permitted by law to be recorded, except those expressly exempted from payment of recording fees, per each single transaction per parcel of real property. The fee imposed by this section shall not exceed two hundred twenty-five dollars ($225).

·       This fee will be calculated per document, with a maximum of $225 based on the number of documents and titles.

The fee shall not be imposed on any real estate instrument, paper, or notice recorded in connection with a transfer subject to the imposition of a documentary transfer tax as defined in Section 11911 of the Revenue and Taxation Code or on any real estate instrument, paper, or notice recorded in connection with a transfer of real property that is a residential dwelling to an owner-occupier.

A valid declaration of exemption must be placed on the face of each document prior to depositing with the Recorder; otherwise the fee will be assessed. This requirement is being made in accordance with the legislative amendment of Government Code § 27388.1

To make your voice heard Contact:

Governor Jerry Brown

Governor Jerry Brown, c/o State Capitol, Suite 1173

Sacramento,CA 95814

916.445.2841

Senator Toni Atkins

Capitol Office

State Capitol, Room 4072

Sacramento, CA 95814

916.651.4039

San Diego District Office

1350 Front Street, Suite 4061

San Diego, CA 92101

619.645.3133


 California Government Code § 27388.1 Buildings Homes and Jobs Act Fee Grid

DOCUMENTS W/Exemption

 

1 document, 1 document title = $0 No DTT (Documentary Transfer Tax) TOTAL - $0

All documents which have a valid exemption stated on the face of the document are exempt and NO fee will be assessed.

INDIVIDUAL & CONCURRENT DOCUMENTS- DTT PAID

 

1 document, 1 document title = $0 DTT Paid

TOTAL - $0

Any document with paid DTT is exempt and NO fee will be assessed.

4 documents each with 1 document title =

$0

DTT Paid on one document

TOTAL - $0

Any document(s) submitted in the same transaction “in connection with” documents that has DTT paid are exempt and NO fee will be assessed.

INDIVIDUAL DOCUMENTS- NO DTT

 

1 document, 1 document title = $75 No DTT

TOTAL - $75

 

1st title charged $75 includes any parcel

1 document, 2 document titles = $150 No DTT

TOTAL = $150

 

1 document, 4 document titles = $225 No DTT

TOTAL = $225

$75 cannot be assessed on remaining documents, titles or parcels because the cap is reached.

CONCURRENT DOCUMENTS

 

3 documents, 3 document titles = $225 No DTT

TOTAL = $225

 

4 documents, 5 document titles = $225 No DTT

TOTAL = $225

$75 cannot be assessed on remaining documents, titles or parcels because the cap is reached.

No CAP Unrelated Documents

 

5 documents– 1 title each

No DTT, non-related, but sent in together,

 

TOTAL: $75.00 x 5 = $375.00

Because these documents are unrelated, each will be charged the $75. For example, 5 lien releases mailed in together with 5 different names.