Chapter 3.76REAL ESTATE EXCISE TAX

Sections:

3.76.010
Imposed – Rate.
3.76.020
Collection.
3.76.030
Compliance with state law.
3.76.040
Use of proceeds.
3.76.010Imposed – Rate.

Pursuant to authority granted to cities of the state pursuant to RCW 82.46.010 there is imposed an excise tax on the sale of real property within the corporate limits of the city, at a rate equal to one-quarter of one percent of the selling price of the property.

(Ord. 851 § 1, 1986)

3.76.020Collection.

The tax imposed under Section 3.76.020 shall be collected from persons who are taxable by the state under RCW Chapter 82.45 upon the occurrence of any taxable event within the city.

(Ord. 851 § 2, 1986)

3.76.030Compliance with state law.

The tax imposed under Section 3.76.010 shall comply with all applicable rules, regulations, law and court decisions regarding real excise taxes imposed by the state under RCW Chapter 82.45.

(Ord. 851 § 3, 1986)

3.76.040Use of proceeds.

The distribution of the proceeds of the tax imposed in Section 3.76.010 shall be in accordance with RCW 82.46.030. Upon receipt from the Kittitas County Treasurer of the city’s share of the tax imposed in Section 3.76.010, the city treasurer shall deposit the receipted funds into the capital improvement fund of the city.