Chapter 3.13
REAL ESTATE EXCISE TAX
Sections:
3.13.020 Tax on real estate sales imposed.
3.13.030 Collection pursuant to BMC 3.13.020.
3.13.040 Additional tax upon real estate sales imposed.
3.13.050 Collection pursuant to BMC 3.13.040.
3.13.010 Purpose.
The purpose of this chapter is to impose an excise tax on each sale of real property within the corporate limits of the city. (Ord. 7-91 § 2, 1991).
3.13.020 Tax on real estate sales imposed.
Pursuant to RCW 82.46.010, there is levied, on each sale of real property located within the corporate limits of the city, an excise tax of one-quarter of one percent of the selling price. The term “selling price” shall be interpreted in accordance with RCW 82.45.030 as now enacted or as subsequently amended. (Ord. 7-91 § 3, 1991).
3.13.030 Collection pursuant to BMC 3.13.020.
Pursuant to RCW 82.46.030, the excise taxes assessed pursuant to BMC 3.13.020 shall be collected by the Pierce County treasurer on behalf of the city and shall be paid into the Buckley capital improvement fund, and administered pursuant to the provisions of Chapter 3.307 BMC. (Ord. 11-94 § 3, 1994; Ord. 7-91 § 4, 1991).
3.13.040 Additional tax upon real estate sales imposed.
Pursuant to RCW 82.46.035 there is levied, on each sale of real property located within the corporate limits of the city, an excise tax of one-fourth of one percent of the selling price. The term “selling price” shall be interpreted in accordance with RCW 82.45.030 as now enacted or as subsequently amended. (Ord. 11-94 § 1, 1994).
3.13.050 Collection pursuant to BMC 3.13.040.
Pursuant to RCW 82.46.030, the excise taxes assessed pursuant to BMC 3.13.040 shall be collected by the Pierce County treasurer on behalf of the city and shall be paid into the comprehensive plan capital improvement fund and administered pursuant to Chapter 3.73 BMC. (Ord. 11-94 § 2, 1994).