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TOWN OF TRUCKEE <br /> California <br /> <br />ORDINANCE NO. 93-06 <br /> <br />AN ORDINANCE OF THE TOWN OF TRUCKEE IMPOSING A DOCUMENTARY <br />TRANSFER TAX ON TRANSFERS OF REAL PROPERTY LOCATED <br /> WITHIN THE TOWN OF TRUCKEE <br /> <br />The Town Council of the Town of Truckee Does Ordain as Follows: <br /> <br />Section 1. Short Title. <br /> <br /> This ordinance shall be known as, and for all purposes may be referred to as, the "Real <br />Property Transfer Tax Ordinance of the Town of Truckee". <br /> <br />Section 2. Declaration. <br /> <br /> Pursuant to the authority of Section 11901 et seq. of the California Revenue and Taxation <br />Code, there is hereby imposed on each deed, instrument or writing by which any lands, tenements, <br />or other realty sold within the Town of Truckee shall be granted, assigned, transferred or otherwise <br />conveyed to, or vested in, the purchaser or purchasers, or any other person or persons, by his or their <br />direction, when the consideration or value of the interest or property conveyed (exclusive of the <br />value of any lien or encumbrance remaining thereon at the time of sale) exceeds One Hundred <br />Dollars, a tax at the rate of twenty-seven and one-half cents for each Five Hundred Dollars of <br />fractional part thereof. <br /> <br />Section 3. Mobile Homes <br /> <br />ao <br /> <br />The transfer of any mobile home installed on a foundation system pursuant to Section <br />18551 of the Health & Safety Code and subject to local property taxation shall be <br />subject to the tax imposed pursuant to Section 2 hereof. <br /> <br />The purchaser of a new mobile home which is sold and installed for occupancy as a <br />residence in accordance with Section 18613 of the Health & Safety Code, shall be <br />subject to the tax imposed pursuant to Section 2 hereof. Mobile homes held in the <br />mobile home dealer's inventory shall be exempt from the provisions of this <br />ordinance. <br /> <br />Section 4. Payment. <br /> <br /> The tax imposed shall be paid by any person who makes, signs or issues any document or <br />instrument subject to the tax, or for whose use or benefit the same is made, signed or issued. <br /> <br /> <br />