Council members reconsider plan to increase closing costs

The rocky housing market and Montgomery County’s lack of affordable housing have County Council members reconsidering proposed legislation that would increase closing costs for homebuyers and sellers to help pay for infrastructure improvements.

Members of the County Council’s Management and Fiscal Policy Committee put off a decision Monday on a proposal to increase the recordation tax from $6.90 to $11.20 per $1,000 paid for property.