Tuesday, January 19, 2010

Revenue collected in 2009

The registry of deed has long been a source of revenue for the state, with the amount of money collected in fees and excise tax far exceeding the cost of operating the office. The are five different sources of revenue at the registry. There are:
  • Recording fees
  • Copies of documents & plans
  • Excise Tax ($2.28 per $500 of sales price)
  • Community Preservation Act surcharge ($20 per document to fund the state's matching payments to communities that take advantage of the CPA)
  • Registry Technology surcharge (a $5 per document surcharge to be used for technology at registries of deeds).
During 2009, the Middlesex North Registry of Deeds collected a total of $12,086,526 which is an impressive amount although it's dwarfed by the $26,091,151 that was collected back in 2003. Here's a look at revenue collected through most of this decade:
  • 2002 - $12,884,530
  • 2003 - $26,091,151
  • 2004 - $21,675,601
  • 2005 - $21,982,684
  • 2006 - $17,461,208
  • 2007 - $16,328,979
  • 2008 - $12,191,884
  • 2009 - $12,086,526

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