Chapter 3.32
REAL PROPERTY EXCISE TAX

Sections:

3.32.010    Imposed.

3.32.020    Disposition of funds.

3.32.010 Imposed.

An excise tax on the sale of real property located within the corporate limits of the city shall be, and the same is, established and imposed in an amount equal to one-half of one percent of the selling price of each sale of said real property. The term “sale” and the term “selling price” as used herein shall be as defined in RCW 82.45.010 and 82.45.030, respectively. [Ord. 658B, 1999.]

3.32.020 Disposition of funds.

All funds received from the imposition of said excise tax shall be, and the same are, dedicated for municipal capital improvements. [Ord. 658B, 1999.]