What Is the Mortgage Tax?
Updated 13 days ago (March 6, 2026)
The mortgage tax, also known as the mortgage recording tax, is paid when you complete the mortgage loan transaction; it is separate from the mortgage interest tax. The rate varies from state to state. For example, New York's mortgage recording tax is one of the highest in the U.S. Currently, these eight states are charged the mortgage recording tax: Alabama, Florida, Kansas, Minnesota, New York, Oklahoma, Tennessee, and Virginia or Washington, D.C.
Tellus TIP:
Check with your mortgage broker or loan officer to see if you have to pay a mortgage tax.
Financial Disclaimer: Tellus provides this content for informational purposes only. This is not financial advice. Financial returns and mortgage terms vary based on individual circumstances and market conditions. Consult a qualified financial advisor before making financial or borrowing decisions.