Changes to the Mortgage Recording Tax Rates Affecting Cortland County

Current rate

In Cortland County, mortgages are currently subject to the basic, special additional, and county mortgage recording taxes at the combined rate of $ 1.00 for each $100.00 secured by the mortgage.

New rate

Effective January 1, 2025, Cortland County has elected to impose an additional mortgage recording tax of $0.25 for each $100.00 secured by the mortgage. The additional mortgage recording tax will apply to mortgages recorded on or after January 1, 2025. Therefore, the total combined rate of mortgage recording taxes imposed on the recording of mortgages on real property located in Cortland County will be $1.25 for each $100.00 secured by the mortgage.

Updated: December 27, 2024