CARMEL – Mortgage tax receipts collected during the past six months throughout Putnam County continue to increase stemming a reversal from the past three years.
Municipalities receive mortgage tax payments from closings that take place within their areas.
The Putnam Legislature’s Audit Committee received the October 1, 2025, to March 31, 2026 document from County Clerk Michael Bartolotti indicating $2.070 million was collected during the most recent time frame, an increase of $300,000 from the $1.740 million received from the previous six-month period.
The receipts are an indicator of real estate purchases with mortgage tax funds.
Checks for the $2.070 million collected will soon be in the mail. The Town of Carmel, Putnam’s largest municipality, will be receiving $703,645 while Kent will be receiving a check for $197,005.
Patterson saw a rise in mortgage tax receipts totaling $221,500 while mortgage tax receipts Putnam Valley also increased to $209,900.
Receipts in Philipstown and Southeast also rose during the past reporting period. Philipstown’s numbers increased to $172,200 while in Southeast, mortgage tax nearly doubled to $531,237.
Checks are also in the mail to Putnam’s three villages. Cold Spring’s share will be $14,413.
Brewster’s mortgage tax receipts were $16,120, up from $7,241 while the Village of Nelsonville will be receiving $4,107.
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