Pennsylvania SB345 adjusts the fee for recording deeds and mortgages to account for inflation and funds demolition of blighted properties.

Pennsylvania SB345 amends the Recorder of Deeds Fee Law to adjust the fee for recording deeds and mortgages based on inflation. The fee, which can be increased annually by county governing bodies, is capped at $16 per document. The fee is deposited into the county demolition fund, used exclusively for demolishing blighted properties. The Department of Community and Economic Development calculates the inflation-adjusted fee annually using the Consumer Price Index for the Philadelphia-Camden-Wilmington area.

Pennsylvania SB345 adjusts the fee for recording deeds and mortgages to account for inflation and funds demolition of blighted properties.

Pennsylvania SB345 amends the Recorder of Deeds Fee Law to adjust the fee for recording deeds and mortgages based on inflation. The fee, which can be increased annually by county governing bodies, is capped at $16 per document. The fee is deposited into the county demolition fund, used exclusively for demolishing blighted properties. The Department of Community and Economic Development calculates the inflation-adjusted fee annually using the Consumer Price Index for the Philadelphia-Camden-Wilmington area.