2020 Mortgage Recording Transfer Tax Report

The Ulster County Clerk administers two property transfer taxes – a Mortgage Recording Tax (MRT) and a Real Estate Transfer Tax (RETT). Ulster County does not charge a local MRT or RETT, but the county collects a fee for administering these taxes. The lion’s share of the revenues from each tax are distributed by the county to the state and local municipalities. If Ulster County adopted both a local Mortgage Recording Tax and a local Real Estate Transfer Tax like other counties in New York, the County could have seen 2019 revenues of between $3.4 and $6.5 million depending on the structure of each tax…

Stay in the Know

Get all the latest News, Audits and Reports from the Comptroller’s Office delivered right to your inbox as soon as it hits the Press