Tax Type
Recordation Tax
Description
Supplemental Deed of Trust;Deed Consolidating Debt
Topic
Exemptions
Date Issued
06-14-1973
A deed of trust which includes the unpaid principal of three prior deeds (to be paid in installments by the last lender), as well as an additional amount borrowed, is subject to recordation tax on the total amount secured, even though tax had been paid when the earlier deeds were recorded. The exemption of a supplementary deed does not apply to these facts, since there was no conveyance of property in addition to or in substitution of property conveyed by the prior deeds, and the fourth deed does not secure or better secure the payment of the prior notes.
Attorney General's Opinion