HomeMy WebLinkAboutCC ORD 1967-1179 Tax on transfer of real property (4.28)ORDINANCE NO. 1179
AN ORDINANCE OF THE CITY OF NATIONAL CITY
LEVYING A TAX ON THE TRANSFER OF REAL PROPERTY
The City Council of the City of National City does
ordain as follows:
SECTION 1. The City of National City hereby levies
a tax on each deed, instrument, or writing by which any lands,
tenements, or other realty sold within the City of National
City shall be or are granted, assigned, transferred or other-
wise conveyed to, or vested in, the purchaser or purchasers,
or any other person or persons, by his or their direction,
when the consideration or value of the interest or property
conveyed (exclusive of the value of any lien or encumbrance
remaining thereon at the time of sale) exceeds one hundred
dollars ($100).
SECTION 2: The rate of tax shall be twenty-seven
and one half cents (27-1/20) for each five hundred dollars
($500) or fractional part thereof of the consideration or
value given for the interest on property conveyed.
SECTION 3. The tax imposed by this ordinance
shall be paid by the person who makes, signs or issues any
document or instrument subject to the tax, or for whose use
or benefit the same is made, signed or issued.
SECTION 4. Exemptions from this tax shall be
granted under those circumstances enumerated in Sections
11921, 11922, 11923, 11924, and 11925 of the Revenue and
Taxation Code of California.
SECTION 5. The County of San Diego, its officers
and employees are authorized, directed, and requested to
collect the tax levied by this ordinance and allocate the
proceeds thereof pursuant to the provisions of Section
11932 of the Revenue and Taxation Code of California.
SECTION 6. This ordinance shall be effective on
and after 12:01 a.m. on January 1, 1968.
SECTION 7. The effective date of this ordinance
shall be further restricted by the provisions of Section
11935, sub -section 4 of the Revenue and Taxation Code of
California.
PASSED AND ADOPTED by the City Council of the City of National City, California, this
day of September , 19 67 by the following vote, to -wit:
AYES: Councilmen Co 1 burn, Harris, Hogue, Reid, Morgan
19th
NAYS: Councilmen None
ABSENT: None
Mayor of the City of NCffional City, California
ATTEST:
1 hereby approve the foregoing j Ati}this J 1 nth day of September 19 7
l
Mayor of the City of Natiooial City, California
I herebycertifythat the above and foregoing is a full and true copyof Resolution No
g g Ordinance
of the Resolutions of the City of National City, California, as adopted by the City Council of said
Ordinances
City, and approved by the Mayor of said City, on the day of , 19
City Clerk of the City of National City, California.
Deputy