Beverly Hills Municipal Code Art. 4 Real Property Transfer Tax

This article shall be known as the REAL PROPERTY TRANSFER TAX LAW OF THE CITY OF BEVERLY HILLS, and is adopted pursuant to the authority contained in part 6.7 of division 2, commencing with section 11901, of the state Revenue and Taxation Code. (1962 Code § 8-5)

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 vested in, the purchaser or purchasers, or any other person or persons, by their direction, when the consideration or value of the interest or property conveyed, exclusive of the value of any lien or encumbrances remaining thereon at the time of sale 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. (1962 Code § 8-5)

The tax imposed by this article shall not be applicable to those exemptions designated in chapter 3, part 6.7, division 2 of the state Revenue and Taxation Code. (1962 Code § 8-5)

Any tax imposed pursuant to the provisions of this article 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. (1962 Code § 8-5)

The county recorder shall administer the provisions of this article in conformity with the provisions of part 6.7 of division 2 of the state Revenue and Taxation Code and the provisions of any county ordinance adopted pursuant thereto. (1962 Code § 8-5)

Claims for the refund of taxes imposed pursuant to the provisions of this article shall be governed by the provisions of chapter 5, commencing with section 5096, part 9, division 1, of the state Revenue and Taxation Code. (1962 Code § 8-5)

It shall be unlawful for any person, as an owner in whole or in part of any real property used in the city for residential habitation, or as a real estate agent or broker or other representative or agent of such owner, to sell, exchange, or otherwise convey the beneficial interest in and to such real property or to participate in such a sale, exchange, or conveyance unless and until there has been filed with the director of building and safety a notice thereof setting forth the following information:

A. The name, address, and telephone number of the seller;

B. The name, address, and telephone number of the buyer;

C. The address and legal description of the real property to be sold, exchanged, or conveyed; and

D. The scheduled date the sale, exchange, or conveyance is to be accomplished. (Ord. 99-O-2330, eff. 8-6-1999)