Woodside Municipal Code § 35.27 Imposition of tax rate and payment

This subchapter shall be known as the "Real Property Transfer Tax Law of the Town of Woodside." It is adopted pursuant to the provisions of Cal. Rev. & Tax. Code, Division 2, Part 6.7 (commencing with § 11901).

(1975 Code, § 3-4.301) (Ord. 1967-193, effective - -67)

The County Recorder shall administer the provisions of this subchapter in conformity with the provisions of Cal. Rev. & Tax. Code, Division 2, Part 6.7 and the provisions of any county ordinance adopted pursuant thereto.

(1975 Code, § 3-4.302) (Ord. 1967-193, effective - -67)

(A) There is hereby imposed on each deed, instrument, or writing by which any lands, tenements, or other realty sold within the Town shall be granted, assigned, transferred, or otherwise conveyed to, or vested in, the purchaser or any other person, by his/her direction, when the consideration or value of the interest or property conveyed (exclusive of the value of any liens or encumbrances remaining thereon at the time of sale) exceeds $100.00, a tax at the rate of 27½¢ for each $500.00, or fractional part thereof.

(1975 Code, § 3-4.303)

(B) The tax imposed by the provisions of division (A) above 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 such document or instrument is made, signed, or issued.

(1975 Code, § 3-4.304) (Ord. 1967-193, effective - -67)

The tax imposed by the provisions of this subchapter shall not apply to any entity listed in Cal. Rev & Tax. 11926 through 11929, which are hereby adopted by reference and incorporated as if set out at length herein.

Claims for the refund of the taxes imposed by the provisions of this subchapter shall be governed by the provisions of Cal. Rev. & Tax. Code Division 1, Part 9, Chapter 5 (commencing with § 5096).

(1975 Code, § 3-4.310) (Ord. 1967-193, effective - -67)