Los Alamitos Municipal Code Ch. 3.08 Real Property Transfer Tax

This chapter shall be known as the Real Property Transfer Tax Ordinance of the city of Los Alamitos. It is adopted pursuant to the authority contained in Part 6.7 (commencing with Section 11901) of Division 2 of the Revenue and Taxation Code of the state of California.

(Ord. 152 § 1, 1967)

There is 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 invested 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 encumbrances remaining thereon at the time of sale) exceeds $100 a tax at the rate of twenty-seven and one-half cents ($0.275) for each $500 or fractional part thereof.

(Ord. 152 § 2, 1967)

Any tax imposed pursuant to Section 3.08.020 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. 152 § 3, 1967)

The exemptions to the documentary transfer set forth in Sections 11921 et seq., of the California Revenue and Taxation Code, as amended from time to time, shall be applicable to the tax imposed in this chapter.

(Ord. 585 § 3, 1994)

Any deed, instrument or writing to which the United States or any agency or instrumentality thereof, any state or territory, or political subdivision thereof, is a party shall be exempt from the tax imposed pursuant to this chapter when the exempt agency is acquiring title.

(Ord. 152 § 5, 1967)

The county recorder shall administer this chapter in conformity with the provisions of Part 6.7 of Division 2 of the Revenue and Taxation Code and the provisions of any county ordinance adopted pursuant thereto.

(Ord. 152 § 9, 1967)

Claims for refund of taxes imposed pursuant to this chapter shall be governed by the provisions of Chapter 5 (commencing with Section 5096) of Part 9 of Division 1 of the Revenue and Taxation Code of the state of California.

(Ord. 152 § 10, 1967)