Dec. 13, 2005 - On, Off, On - Conveyance Fee Doubling

It's on.  According to a Columbus Business First article the Franklin County Commisioners voted today to double the conveyance fee (transfer tax ) to fund affordable housing in the county. 

Last week the proposal was tabled after Auditor Joe Testa opposed raising the conveyance fee and said there were other ways to fund affordable housing.         

Auditor Joe Testa's December 8, 2005 Funding Plan   Today at our office sales meeting when our  sales  manager asked if we all knew about the new Franklin County conveyance fee. I piped up and said it had been tabled.   This afternoon according to Columbus Business First it is on, the County Commissioners approved the proposal that doubles the county conveyance fee!    

December 7, 2005    ON - A sure thing?

December 9. 2005  .   OFF?  Tabled "Joe Testa says there is a way to generate the money without doubling the conveyence fee.   Stay tuned for details."  

On approved by the Franklin County Commissioners and in effect January 8, 2006. 

The conveyence fees of nearby counties in an article from 'In Contract' Columbus Association of REALTORS®  magazine.

The current transfer fee in Franklin County is $1 per $1,000, well below other Ohio counties.

Delaware County - $3
Licking County - $2 
Fairfield County - $4
Fayette County - $3

Three of fastest growing counties in Ohio have higher transfer fees: Delaware County - $3; Warren County - $3; Clermont County - $3.

Even with the increase, Franklin County will continue to have the lowest real estate conveyance fee among all of the mid-size, large, or urban counties in Ohio.