Rancho Palos Verdes Municipal Code Ch. 3.12 Real Property Transfer Tax

This chapter shall be known as the "Uniform Real Property Transfer Tax Ordinance of the city." It is adopted pursuant to the authority contained in Revenue and Taxation Code § 11901 et seq.

(Code 1981, § 3.12.010; Ord. No. 6, § 1(part), 1973)

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 any other person, or 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 $100.00, a tax at the rate of 27½ cents for each $500.00 or fraction part thereof.

(Code 1981, § 3.12.020; Ord. No. 6, § 1(part), 1973)

Any tax imposed pursuant to section 3.12.020 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.

(Code 1981, § 3.12.030; Ord. No. 6, § 1(part), 1973)

The exemptions from taxation in Revenue and Taxation Code div. 2, pt. 6.7, ch. 3 (Revenue and Taxation Code § 11921 et seq.) are hereby by reference and shall apply to the tax levied by this chapter.

The transfer of any mobilehome installed on a foundation system, pursuant to Health and Safety Code § 18551 and subject to local property taxation shall be subject to this chapter.

State Law reference— Similar provisions, Revenue and Taxation Code § 11913.

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 (Revenue and Taxation Code § 11901 et seq.) and the provisions of any county ordinance adopted pursuant thereto.

(Code 1981, § 3.12.090; Ord. No. 6, § 1(part), 1973)

Claims for refund of taxes imposed pursuant to this chapter shall be governed by the provisions of Revenue and Taxation Code div. 1, pt. 9, ch. 5 (Revenue and Taxation Code § 5096 et seq.).

(Code 1981, § 3.12.100; Ord. No. 6, § 1(part), 1973)