Certain documents require State documentary stamp tax. Documents transferring an ownership interest in land (Deed, Agreement/Contract for Deed, Proprietary Lease, etc.) require state documentary stamp tax at a rate of $0.70 per hundred dollars, or fraction thereof, based on the consideration for the transfer. Documents that encumber real property for a sum of money exchanged or owed (Mortgage, Agreement/Contract for Deed, Modification of Mortgage, etc.) require state documentary stamp tax at a rate of $0.35 per hundred dollars, or fraction thereof, and Intangible tax at a rate of $0.20 per hundred dollars based on the amount borrowed.