Chapter 3.34
REAL ESTATE EXCISE TAX
Sections:
3.34.040 Disbursement of funds.
3.34.010 Imposed.
There is imposed an excise tax on each sale of real property in the corporate limits of the City at the rate of one-quarter of one percent of the selling price as authorized by RCW 82.46.010. (Ord. C-100 § 1, 1985)
3.34.020 Referendum petition.
Imposition of this tax shall be subject to referendum petition as provided in RCW 82.46.021. The filing officer pursuant to said provision shall be the City Clerk-Treasurer. (Ord. C-100 § 2, 1985)
3.34.030 Collection.
The taxes imposed under this chapter shall be collected from persons who are taxable by the state under Chapter 82.45 RCW upon the occurrence of any taxable event within the City as provided therein. (Ord. C-100 § 3, 1985)
3.34.040 Disbursement of funds.
All funds received by the City from the collection of taxes pursuant to this chapter shall be placed by the City Clerk-Treasurer in a municipal capital improvements fund which fund is hereby established. These capital improvement funds shall be used by the City as authorized by RCW 82.46.010, as now or hereafter amended. (Ord. C-784 § 1, 2012; Ord. C-100 § 5, 1985)