Chapter 3.40
REAL ESTATE EXCISE TAX
Sections:
3.40.030 Administration, collection and interpretation.
3.40.040 Deposits and proceeds.
3.40.010 Imposition.
There is imposed an excise tax on each sale of real property in the corporate limits of the city as authorized by Subsection 1, Section 11, Chapter 49, Laws of 1982, First Extraordinary Session, Chapter 82.46 RCW. (Ord. 807 § 1, 1987)
3.40.020 Rate.
The rate of tax imposed by this chapter shall be one-quarter of one percent of the selling price of each sale of real property in the corporate limits of the city. (Ord. 807 § 2, 1987)
3.40.030 Administration, collection and interpretation.
The tax that is imposed under this chapter shall comply with all applicable rules, regulations, laws and court decisions regarding real estate excise taxes as imposed by the state under Chapter 82.45 RCW. The administration and collection of this tax shall be as provided in Chapter 82.46 RCW. (Ord. 807 § 3, 1987)
3.40.040 Deposits and proceeds.
The clerk-treasurer shall place the proceeds of this tax in a capital project fund. Proceeds from this capital project fund shall be used by the city for capital improvements as allowed in RCW 82.46.035. (Ord. 1534 § 2, 2013; Ord. 1137, 1998; Ord. 807 § 4, 1987)