Tax Type
Recordation Tax
Description
Deed of Trust;Revolving Line of Credit;Basis of Tax
Topic
Documents Subject to Tax
Date Issued
02-27-1976
The recording tax on a deed of trust securing payment of a loan in a specified amount and further securing additional loans which, together with the balance due on the original loan, may equal the specified amount, is based on the fair market value of the mortgaged property determined as of the date of the deed of trust.
Attorney General's Opinion