Recordation Tax – Refinancing Tool, HB 512-Chapter 524 (energetic ). Significantly less than most recent rules, discover an exemption off recordation tax whenever a unique mortgagor refinances a loan secured from the his or her dominant residence. The newest exception applies to this new extent the newest refinancing a mortgage otherwise deed away from believe protects a cost maybe not greater than the fresh outstanding dominating harmony safeguarded from the present shelter device.