Chapter 3.130
REAL ESTATE EXCISE TAX

Sections:

3.130.010    Imposition.

3.130.020    Taxable events.

3.130.030    Consistency with state tax.

3.130.040    Distribution of tax proceeds and limiting the use thereof.

3.130.050    Seller’s obligation.

3.130.060    Lien provisions.

3.130.070    Notation of payment.

3.130.080    Date payable.

3.130.090    Excessive and improper payments.

3.130.010 Imposition.

A. Pursuant to RCW 82.46.010 there is hereby imposed a tax of one-quarter of one percent of the selling price on each sale of real property within the corporate limits of this City.

B. Pursuant to RCW 82.46.035 there is levied and imposed an additional excise tax on each sale of real property within the corporate limits of the City at a rate of one-quarter of one percent of the selling price of the property. This tax shall be in addition to, and not in lieu of, the tax imposed in subsection A above. (Ord. 1943 § 1, 1991).

3.130.020 Taxable events.

Taxes imposed herein shall be collected from persons who are taxable by the state under Chapter 82.45 RCW and Chapter 458-61 WAC upon the occurrence of any taxable event within the corporate limits of the City. (Ord. 1943 § 2, 1991).

3.130.030 Consistency with state tax.

The taxes imposed herein shall comply with all applicable rules, regulations, laws and court decisions regarding real estate excise taxes as imposed by the state under Chapter 82.45 RCW and Chapter 458-61 WAC. The provisions of those chapters to the extent they are not inconsistent with this chapter, shall apply as though fully set forth herein. (Ord. 1943 § 3, 1991).

3.130.040 Distribution of tax proceeds and limiting the use thereof.

A. The County Treasurer shall place one percent of the proceeds of the taxes imposed herein in the county current expense fund to defray costs of collection.

B. The remaining proceeds from City taxes imposed herein shall be distributed to the City monthly and those taxes imposed under MTMC 3.130.010 shall be placed by the City Treasurer in a municipal capital improvements fund. Monies in the fund shall be accumulated from year to year, and may be expended at such times as the City Council shall direct as part of the budget process for the purposes of making capital improvements for the public benefit, including but not limited to, those capital improvements listed in RCW 35.43.040.

C. Revenues generated from the tax imposed in MTMC 3.130.010(A) shall be used primarily for financing capital projects specified in a capital facilities plan element of a comprehensive plan and housing relocation assistance under Sections 49 and 50 of Chapter 17, Laws of 1990, First Extraordinary Session. However, revenues:

1. Pledged by the City to debt retirement prior to July 1, 1990, may continue to be used for that purpose until all outstanding debt is retired, or

2. Committed prior to July 1, 1990, to a capital project may continue to be used for that purpose until the project is completed.

D. This section shall not limit the existing authority of this City to impose special assessments on property benefitted thereby in the manner prescribed by law. (Ord. 1943 § 4, 1991).

3.130.050 Seller’s obligation.

The taxes imposed herein are the obligation of the seller and may be enforced through the action of debt against the seller or in the manner prescribed for the foreclosure of mortgages. (Ord. 1943 § 5, 1991).

3.130.060 Lien provisions.

The taxes imposed herein and any interest of penalties thereon are the specific lien upon each piece of real property sold from the time of sale or until the tax is paid, which lien may be enforced in the manner prescribed for the foreclosure of mortgages. Resort to one course of enforcement is not an election not to pursue the other. (Ord. 1943 § 6, 1991).

3.130.070 Notation of payment.

The taxes imposed herein shall be paid to and collected by the Treasurer of the county within which is located the real property which was sold. The County Treasurer shall act as agent for the City within the county imposing the tax. The County Treasurer shall cause a stamp evidencing satisfaction of the lien to be affixed to the instrument of sale or conveyance prior to its recording or to the real estate excise tax affidavit in the case of used mobile home sales. A receipt issued by the County Treasurer for the payment of the tax imposed herein shall be evidence of the satisfaction of the lien imposed in MTMC 3.130.060 and may be recorded in the manner prescribed for recording satisfactions or mortgages. No instrument of sale or conveyance evidencing a sale subject to the tax may be accepted by the County Auditor for filing or recording until the tax is paid and the stamp affixed thereto; in case the tax is not due on the transfer, the instrument shall not be accepted until suitable notation of this fact is made on the instrument by the County Treasurer. (Ord. 1943 § 7, 1991).

3.130.080 Date payable.

The tax imposed hereunder shall become due and payable immediately at the time of sale and, if not so paid with 30 days thereafter, shall bear interest at the rate of one percent per month from the time of sale until the date of payment. (Ord. 1943 § 8, 1991).

3.130.090 Excessive and improper payments.

If, upon written application by a taxpayer to the County Treasurer for a refund, it appears a tax has been paid in excess of the amount actually due or upon a sale or other transfer declared to be exempt, such excess amount or improper payment shall be refunded by the County Treasurer to the taxpayer; provided, that no refund shall be made unless the state has first authorized the refund of an excessive amount or an improper amount paid, unless such improper amount as paid as a result of a miscalculation. Any refund made shall be withheld from the next monthly distribution to the City. (Ord. 1943 § 9, 1991).