Calculate the mechanics lien filing fee in Virginia for a lien claim of $85,000:
Correct Answer
B) $75
Virginia mechanics lien filing fees are $25 for claims up to $25,000, $50 for claims $25,001-$50,000, and $75 for claims $50,001-$100,000.
Why This Is the Correct Answer
In Virginia, mechanics lien filing fees are structured in tiers based on the claim amount. For a lien claim of $85,000, this falls within the $50,001-$100,000 range, which requires a filing fee of $75. The tiered system starts at $25 for smaller claims up to $25,000, increases to $50 for claims between $25,001-$50,000, and then $75 for claims in the $50,001-$100,000 range where this $85,000 claim belongs.
Why the Other Options Are Wrong
Option A: $25
$25 is the filing fee for the lowest tier of mechanics lien claims in Virginia, specifically for claims up to $25,000. Since this claim is for $85,000, it far exceeds the $25,000 threshold and requires a higher filing fee according to Virginia's tiered fee structure.
Option C: $100
$50 is the filing fee for the middle tier in Virginia's mechanics lien fee structure, applicable to claims between $25,001 and $50,000. Since this claim amount of $85,000 exceeds the $50,000 upper limit of this tier, a higher fee of $75 is required.
Memory Technique
Remember Virginia's mechanics lien fees as '25-50-75': $25 for claims up to $25K, $50 for $25K-$50K, and $75 for $50K-$100K.
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