Changes to the Mortgage Recording Tax Rates Affecting Otsego County

Current rate

In Otsego County, mortgages are currently subject to the basic and special additional mortgage recording taxes at the combined rate of $0.75 for each $100.00 secured by the mortgage.

New rate

Effective January 1, 2025, Otsego County has elected to impose a county mortgage recording tax of $0.25 for each $100.00 secured by the mortgage. The county 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 Otsego County will be $1.00 for each $100.00 secured by the mortgage.

Updated: December 27, 2024