Ohio’s 2,602 page budget bill recently signed by the Governor, includes an increase in fees to be charged by Ohio’s County Recorders, effective October 17, 2019, for recording real estate documents, including deeds, mortgages, releases of mortgages, assignments of mortgages, easements, land installment contracts, and other documents.
The current recording fee of $28 for the first two pages and $8 for each additional page will increase to $34 for the first two pages, with no increase in the $8 additional fee per page.
Supporters advocated for the increase to provide additional funding for the Ohio Housing Trust Fund. Originally established in 1991, the Ohio Housing Trust Fund is a flexible state funding source that intends to provide affordable housing opportunities, expand housing services, and improve housing conditions for low-income Ohioans and families. The Fund supports a wide range of housing activities including housing development, emergency home repair, handicapped accessibility modifications, and services related to housing and homelessness. In addition, Ohio Housing Trust Fund dollars can have use for predevelopment costs, rental assistance, housing counseling, rehabilitation, and new construction.
Ohio Housing Trust Fund dollars are allocated based on recommendations by a seven-member advisory committee representing various sectors of the housing industry, lending industry, and local governments.
Half of all recording fees collected are required to be submitted to the state to the credit of the Ohio Housing Trust Fund.