Point Arena Municipal Code Art. I Transfer Tax

This chapter shall be known as the "Real Property Transfer Tax Ordinance of the city of Point Arena." 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. 80 Art. I § 1, 1968.)

There is hereby imposed on each deed, instrument or writing by which any lands, tenements, or other realty sold within the city of Point Arena shall be granted, assigned, transferred or otherwise conveyed to, or vested 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 $100.00, a tax at the rate of $0.275 for each $500.00 or fractional part thereof.

(Ord. 80 Art. I § 2, 1968.)

Any tax imposed pursuant to PAMC 3.20.020 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. 80 Art. I § 3, 1968.)