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I have worked in the Circuit Court Clerk's Office for over 40 years, 33 of those years was supervising the Land Records Dept. What this bill would do is tax your constituents for something they didn't receive. The idea behind this bill is to make uniform the collection of these taxes throughout the Commonwealth. The better way to achieve this goal would be to delete the language "Value of property" or "Value of interest" altogether. Just tax on the consideration, which is the sales price or loan amount. The best way to determine value in regard to real estate is what a willing seller and a willing buyer agree upon, not what a real estate assessor who has never seen the house thinks it is worth. We all know that real estate values go up and down throughout the years, depending on the economy as a whole. I can assure you that the assessments as a whole are two to three years behind the market. So when the current market cools down, which it will, the assessments will be too high for another couple of years. Anyone selling or buying a home during those years will be paying more recording tax than they should. If I sell my home for $200,000, why should I have to pay recording tax on $230,000 just because that is the assessment? All I received from the sale is the $200,000. Please do not pass this bill. We all get taxed enough for the things/benefits we receive, we shouldn't get taxed for things we didn't receive.