Effective July 1, 2008, there will be a separate
$25 New Hampshire L-Chip surcharge due at the time of recording on each of the following recorded documents:
Deed
Mortgage
Mortgage Discharge
Plan (per set)
This new state fee is for funding The Land and Community Heritage Investment Program. For more information on this new surcharge please refer to N.H. RSA Section 478:17-g, www.gencourt.state.nh.us/rsa/html/XLVIII/478/478-17-g.htm, visit the applicable Registry of Deeds Website http://www.nhdeeds.com/ or speak with your Signature Representative.
A good program but a bad way to fund it. Don’t all citizens of NH benifit from programs that conserve our heritage. That includes renters and those like my father who has lived in his home for over 50 years. Why is just the current crop of buyers that have to pay this tax! And it sure has worked out well with this current decline in sales and house prices hasn’t! The only reason this was put through is the legislature figured there wern’t enough people to complain. Don’t let it happen again.
Comment by Richard Whitney — August 27, 2009 @ 4:17 pm
Thank you for this informative piece. I erroneously thought it was one (1) $25 surcharge – not four! I appreciate the information in advance so that I don’t question the charges on a HUD and can now adequately explain those charges to my buyer clients. Timely piece. Thank you.
Comment by Katheryn Comstock — August 31, 2009 @ 10:40 am