Norwalk Municipal Code Ch. 3.24 Real Property Transfer Tax

Editor's Note: Sections 3.24.050 through 3.24.080 were deleted and Sections 3.24.090 and 3.24.100 renumbered to be 3.24.050 and 3.24.060 during the 2008 republication.

This chapter shall be known as the "Real Property Transfer Tax Ordinance" of the City. 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 and Ordinance No. 598 of the City.

(Prior code § 9-3.1; Ord. 21-1722 § 2)

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 vested in, the purchaser or purchasers, or any other person or persons, by his, her 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.

(Prior code § 9-3.2; Ord. 21-1722 § 2)

Any tax imposed pursuant to Section 3.24.020 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.

(Prior code § 9-3.3; Ord. 21-1722 § 2)

Any tax imposed pursuant to this chapter shall not apply to any instrument or document exempted from such tax by Sections 11921 through 11930 of the California Revenue and Taxation Code or any other statute, law, ordinance or legal requirement.

(Prior code § 9-3.4; Ord. 21-1722 § 2)

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.

(Prior code § 9-3.9; Ord. 21-1722 § 2)

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.

(Prior code § 9-3.10; Ord. 21-1722 § 2)