New recorder’s fees July 1

Monday, June 26, 2017
Tracy Bridges
Courtesy photo

In a move called for by the state’s county recorders for several years, a new, simplified system of fees will take effect July 1 in all 92 Indiana counties.

Putnam County Recorder Tracy Bridges announced the changes to the Putnam County Commissioners and Putnam County Council recently.

“I just wanted the public to be aware of the changes,” Bridges said.

As a result of House Bill 505, all recorded documents will be subject to one of two flat fees.

Mortgages will now be $55 per document, while deeds and other documents will be $25 each.

In the past, mortgages were subject to a system of counting pages, with one rate for the first page and an additional charge for each additional page.

“The rates varied all over the place,” Bridges said. “It’s so much simpler.”

While the rates technically take effect on July 1, a Saturday, the Recorder’s Office will not be open until Monday, July 3, providing a weekend for the system to adjust.

“All the computer software is supposed to roll over (to the new rates) that weekend,” Bridges said.

In presenting to the commissioners and council, Bridges also explained how the money collected in the new fees will be distributed among county and state funds.

The $55 mortgage fees will be distributed as follows:

• County General: $34

• Surveyor Corner Fund: $5

• Recorder Perpetuation: $11.50

• Auditor or State: $2.50

• County ID Security Fund: $1

• Elected Official Training Fund: $1

The $25 fee for other documents will be divided among five funds:

• County General: $8

• Surveyor Corner Fund: $5

• Recorder Perpetuation: $10

• County ID Security Fund: $1

• Elected Official Traning Fund: $1

For more information, call the Putnam County Recorder’s Office at 653-5613.

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