The current rate for the deed transfer tax is $0.75 per every five hundred dollars of consideration.

The seller customarily pays the deed transfer taxes.

References:

Related Bulletins: None.

The current rate for mortgage tax is $0.10 per every one hundred dollars of indebtedness; for a maturity date of 5 years or longer. Mortgage Tax is no longer required to be paid by the lender.

Real estate/ad valorem taxes can be paid in one or two installments. If paid in one installment, taxes are due December 31st. If two installments are made, the payments are due on December 31st and March 31st.

Recording fees for documents which conform with state statutes are $8.00 for the first page and $2.00 for each additional page. Non-conforming documents are $25.00 for the first page and $10.00 for each additional page. In addition, the county clerk will collect a $ 5.00 "Archive" fee for each instrument recorded. 28 O.S. § 32

To conform with Oklahoma statutes, all instruments submitted for recording must:

• be an original or certified copy;
  
• be in the English language;
  
• be plainly printed, typed or handwritten so as to be clearly legible without "magnification or other enhancement" of the text;
  
• be capable of being copied by whatever copier the County Clerk is using. The color of the ink and paper must be such that the instrument can be reproduced. This standard will vary from one county to another. It may even vary within the same office if there is more than one copier of if the copier is in varying states of repair. Too light a color of ink or too dark a color of paper may make an instrument "nonconforming";
  
• list the mailing address of the grantee, mortgagee; assignee or other designated party to which the instrument is to be delivered after recording;
  
• meet all other requirements for recording (such as being acknowledged, etc.);
  
• if the instrument contains more than twenty-five legal descriptions, it must be sorted by Addition, Block and Lot (if platted) or by Township, Range, Section (if described by governmental survey description). An additional $1.00 per legal description must be paid for each legal description in excess of twenty-five descriptions;
  
• describe the property with a specific legal description adequate to allow indexing;
  
• use paper size no larger than 8 ½ by 14 inches (except for plats or otherwise provided by law);
  
• provide the minimum margins which are one inch at the top of the instrument and one-half inch on all other margins; and
  
• provide a sufficient margin or space for filing information adequate to allow the Clerk to stamp recording information, and affix deed stamps. If there is not enough space for this information, the Clerk may attach an additional page and charge the filing fee for the additional page. Oklahoma County, for example, requires a 1 ½" by 1 ½" square for filing information.

The County Clerk may refuse to record instruments that do not comply with these minimum requirements if they are not reformed and refiled during the same business day. However, the County Clerk may accept nonconforming instruments for filing and charge the additional fees, set forth above.

These requirements do not apply to plats, Uniform Commercial Code Filings, general judgment liens, or other instruments that may be filed under other specific statutes. They do apply to all instruments affecting specific pieces of property such as deeds, mortgages, assignments, etc.

The seller customarily pays for the abstracting and examination fees. By statute, title insurance cannot be issued without a current abstract and an attorney's title opinion.

Title insurance rates are not filed or promulgated in Oklahoma.

The seller customarily pays for the abstract. The purchaser typically pays for the owner's and loan policies.

For specific questions, contact Oklahoma underwriting personnel.

References:

Corporate Directory: Oklahoma Contacts.