Chapter 3.07


3.07.010    Tax imposed.

3.07.020    Use of receipts.

3.07.030    Effective date.

3.07.010 Tax imposed.

There is hereby imposed a real estate transfer tax of one-quarter of one percent of the selling price of all real property within the city limits. (Ord. 998 § 1, 1990)

3.07.020 Use of receipts.

The receipts from this real estate transfer tax shall be used primarily for financing capital projects specified in capital facilities plan element of a comprehensive plan and for housing relocation assistance as specified in the Growth Management Act. (Ord. 998 § 2, 1990)

3.07.030 Effective date.

The ordinance codified in this chapter shall take effect and be in force five days from and after its passage according to law. (Ord. 998 § 3, 1990)