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Wednesday, August 21, 2019
FOR IMMEDIATE RELEASE
Contact: Monica Moran, 614.378.2879
Monica.Moran@franklincountyohio.gov
Auditor Stinziano Statement on Vote to Increase Conveyance Fees
COLUMBUS, Ohio - Franklin County Auditor Michael Stinziano announced today that his office is ready to implement the increased conveyance fee of $3 per $1,000 of a property’s sale price, following a vote approving the measure by county commissioners.
The increased fee, which will be processed by the Auditor’s office on all property transfers starting Oct. 7, 2019, will fund projects to increase affordable housing in Franklin County.
"Our office will be ready to work with residents and businesses to implement this change. We stand ready to answer any questions and look forward to the investment the fee will have to help working families across Franklin County," Stinziano said.
Conveyance fees are charged whenever a property is sold and contain a mandatory $1 per $1,000 of sale price per state law, plus a permissive fee that is set by county commissioners. With Tuesday’s vote, that permissive fee has increased to $2 per $1000 sale price, making the total conveyance fee $3. The Auditor’s office handles approximately 50,000 transfers per year; the fee increase is expected to generate up to $7 million per year.
An updated conveyance fee calculator will be unveiled on the Auditor’s office website shortly.
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