Chapter 4.05
REAL PROPERTY TRANSFER TAX
Sections:
4.05.010 Short title – Adoption authority.
4.05.040 Exemptions from tax – Instruments to secure debts.
4.05.050 Exemptions from tax – Public agencies.
4.05.060 Exemptions from tax – Plans of reorganization or adjustment.
4.05.070 Exemptions from tax – Orders of Securities and Exchange Commission.
4.05.080 Exemptions from tax – Partnerships.
4.05.010 Short title – Adoption authority.
This chapter shall be known as the “real property transfer tax ordinance of the City of Dixon.” It is adopted pursuant to the authority contained in Cal. Rev. & Tax. Code Division 2, Part 6.7 (commencing with Cal. Rev. & Tax. Code § 11901). [Ord. 12-004.]
4.05.020 Imposition.
There is hereby imposed on each deed, instrument or writing by which any lands, tenements or other realty sold within the City shall be granted, assigned, transferred or otherwise conveyed to, or property conveyed (exclusive of the value of any lien or encumbrances remaining thereon at the time of the sale), which exceeds one hundred dollars ($100.00), a tax at the rate of twenty-seven and one-half cents ($0.275) for each five hundred dollars ($500.00) or fractional part thereof. [Ord. 12-004.]
4.05.030 Payment.
Any tax imposed pursuant to DMC 4.05.020 shall be paid by any 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. [Ord. 12-004.]
4.05.040 Exemptions from tax – Instruments to secure debts.
Any tax imposed pursuant to this chapter shall not apply to any instrument in writing given to secure a debt. [Ord. 12-004.]
4.05.050 Exemptions from tax – Public agencies.
The United States or any agency or instrumentality thereof, any state or territory, or political subdivision thereof, or the District of Columbia shall not be liable for any tax imposed pursuant to this chapter with respect to any deed, instrument, or writing to which it is a party, but the tax may be collected by assessment from any other party liable therefor. [Ord. 12-004.]
4.05.060 Exemptions from tax – Plans of reorganization or adjustment.
Any tax imposed pursuant to this chapter shall not apply to the making, delivering or filing of conveyances to make effective any plan of reorganization or adjustment:
A. Confirmed under the Federal Bankruptcy Act, as amended;
B. Approved in an equity receivership proceeding in a court involving a railroad corporation, as defined in 11 U.S.C. § 205(m), as amended;
C. Approved in an equity receivership proceeding in a court involving a corporation, as defined in 11 U.S.C. § 506(3), as amended; or
D. Whereby a mere change in identity, form or place of organization is effected.
Subsections A to D, inclusive, of this section shall only apply if the making, delivery or filing of instruments of transfer or conveyances occurs within five (5) years from the date of such confirmation, approval or change. [Ord. 12-004.]
4.05.070 Exemptions from tax – Orders of Securities and Exchange Commission.
Any tax imposed pursuant to this chapter shall not apply to the making or delivery of conveyances to make effective any order of the Securities and Exchange Commission, as defined in Section 1083(a) of the Internal Revenue Code of 1954; but only if:
A. The order of Securities and Exchange Commission in obedience to which such conveyance is made recites that such conveyance is necessary or appropriate to effectuate the provisions of 15 U.S.C. § 79(K), relating to the Public Utility Holding Company Act of 1935.
B. Such order specifies the property which is ordered to be conveyed.
C. Such conveyance is made in obedience to such order. [Ord. 12-004.]
4.05.080 Exemptions from tax – Partnerships.
A. In the case of any realty held by a partnership, no levy shall be imposed pursuant to this chapter by reason of any transfer of an interest in a partnership or otherwise, if:
1. Such partnership (or another partnership) is considered a continuing partnership within the meaning of Section 708 of the Internal Revenue Code of 1954; and
2. Such continuing partnership continues to hold the realty concerned.
B. If there is a termination of any partnership within the meaning of Section 708 of the Internal Revenue Code of 1954, for purposes of this chapter, such partnership shall be treated as having executed an instrument whereby there was conveyed, for fair market value (exclusive of the value of any lien or encumbrance remaining thereon), all realty held by such partnership at the time of such termination.
C. Not more than one (1) tax shall be imposed pursuant to this chapter by reason of a termination described in subsection B of this section, and any transfer pursuant thereto, with respect to the realty held by such partnership at the time of such termination. [Ord. 12-004.]
4.05.090 Administration.
The County Recorder shall administer this chapter in conformity with the provisions of Cal. Rev. & Tax. Code Division 2, Part 6.7 and the provisions of any County ordinance adopted pursuant thereto. [Ord. 12-004.]
4.05.100 Refunds.
Claims for refund of taxes imposed pursuant to this chapter shall be governed by the provisions of Cal. Rev. & Tax. Code Division 1, Part 9, Chapter 5 (commencing with Cal. Rev. & Tax. Code § 5096). [Ord. 12-004.]