Chapter 3.46
TAX ON SALE OF REAL PROPERTY
Sections:
3.46.010 Imposed.
Pursuant to Chapter 49, Section 11(1) Laws of the 1982 First Extraordinary Session, the city levies and imposes upon each sale of real property within the city limits an excise tax equal to one-quarter of one percent of the selling price. Said tax shall be applied to all sales of real property as allowed by law, and shall be collected by the county treasurer as provided by law. (Ord. 610 § 1, 1982).
3.46.020 Use of funds.
All funds received by the city from the county treasurer as a result of the levy of this tax shall be placed by the city clerk into a capital improvements fund. Those funds shall be expended as allowed by law. (Ord. 610 § 2, 1982).