Chapter 3.52
REAL ESTATE EXCISE TAX

Sections:

3.52.010    Real estate excise tax.

3.52.020    Second quarter percent real estate excise tax.

3.52.010 Real estate excise tax.

A real estate excise tax shall be imposed on the sale of real property within the corporate limits of the city of Waterville at the rate of one quarter of one percent of the selling price. The proceeds from this tax shall be placed by the city treasurer in a municipal capital improvements fund. (Ord. 502, 1991).

3.52.020 Second quarter percent real estate excise tax.

In accordance with RCW 82.46.035, and in addition to the excise tax on the sale of real property imposed by WMC 3.52.010, there is hereby imposed an excise tax on each sale of real property located within the official boundary of the town of Waterville at the rate of one quarter of one percent of the selling price to be collected by the county as prescribed in RCW 82.46.060. Proceeds from this additional tax shall be deposited in a separate account in the city capital improvements fund and expended as authorized by law under RCW 82.46.035(5). (Ord. 705 § 1, 2009).