HomeMy WebLinkAboutORD 3649 i'
CITY OF RENTON , WASHINGTON
ORDINANCE NO. 3649
AN ORDI14ANCE OF THE CITY OF RENTON , WASHINGTON
IMPOSING AN EXCISE TAX ON SALE OF REAL ESTATE ,
PROVIDING FOR THE COLLECTION TKEREOF, LIMITING
THE USE OF THE PROCEEDS THEREFROM, AND FIXING
PENALTIES FOR THE VIOLATION THEREOF
THE CITY COUNCIL OF THE CITY OF RENTO-IN , WASHINGTON, DO
ORDAIN AS FOLLOWS :
SECTION I : IMPOSITION OF REAL ESTATE EXCISE TAX:
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.
SECTIN II : 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 .
SECTION III : 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
ordinance , shall apply as though fully set forth herein.
SECTION IV : DISTRIBUTION OF TAX PROCEEDS AND LIMITING THE
USE THEREOF:
(1) 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.
(2) The remaining proceeds from city taxes imposed 'Herein
shall be distributed to the city monthly and those taxes imposed
under Section I shall be placed by the Finance Director in a municipal
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capital improvements fund. These capital improvements funds shall
be used by the City for local improvements , including those listed
in RCW 35. 43 . 040 .
(3) This Section shall not limit the existing authority of
this City to impose special assessments on property benefited thereby
in the manner prescribed by law.
SECTION V : SELLER' S OBLIGATIO14 : The taxes imposed herein
are the obligation of the seller and may be enforced through the actio
of debt against the seller or in the manner prescribed for the
foreclosure of mortgages .
SECTION VI : LIEU PROVISIONS ; The taxes imposed herein and
any interest or penalties thereon are the specific lien upon each pied
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 foreclosur
of mortgages . Resort to one course of enforcement is not an election
not to pursue the other.
SECTION VII : NOTATION OF PAY^MNT : 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 Section VI
of this Ordinance 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 Recorder for filing or recording until the tax is paid and
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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 f;
is made on the instrument by the County 'treasurer.
DATE PAYABLE
SECTION VIII : The tax imposed hereunder shall become due
and payable immediately at the time of sale and, if not so paid within
thirty days thereafter, shall bear interest at the rate of one percent
per month from the time of sale until the date of payment .
SECTION IX: EXCESSIVE AND IMPROPER PAYI�ENTS : 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 was
paid as a result of a miscalculation. Any refund made shall be
withheld from the next monthly distribution to the City .
SECTION X: SEVERABILITY : If any provision of this Ordinanc,
or its application to any person or circumstance is held invalid, the
remainder of the ordinance or the application of the provision to
other persons or circumstances is not affected.
SECTION XI : This Ordinance shall be effective upon its
passage , approval and thirty (30) days after its publication.
PASSED BY THE CITY COUNCIL this 26thday of July,1982 ,
Maxine E . Motor , Acting City Cl(
APPROVED BY THE MAYOR this 26thday of JulyJ982 .
Barbara V. Shi pocn , PZayor
Appro. ed as to`form:
Lawrence J ._ ren, Cit.y ..Attorney
Date of Publication: July 30 , 1982