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Home My WebLink AboutO-1244 - Real estate excise tax (3.88)x i:--=.'2 e~M,-P~Io,.. ..~A we.- c-:tv-eeLs." CIT Y 0 F MAR Y S V ILL E Marysville,Washington ORDINANCE NO.1,),:/~ AN ORDINANCE OF THE CITY OF MARYSVILLE ENACTING A NEW CHAPTER IN TITLE 3 OF THE ~~RYSVILLE MUNICIPAL CODE LEVYING A REAL ESTATE EXCISE TAX, ESTABLISHING PROCEDURES FOR THE COLLECTION THEREOF,AND PROVIDING FOR THE DEPOSITION OF ALL TAX PROCEEDS IN THE GROWTH ~~NAGEMENT FUND THE CITY COUNCIL OF THE CITY OF MARYSVILLE,WASHINGTON, DO ORDAIN AS FOLLOWS: Section 1.Real Estate Excise Tax. (a)There is hereby levied and imposed an excise tax on each sale of real property within the corporate limits of the City at a rate of one quarter of one percent (0.25%)of the selling price of said real property. (b)Said excise tax shall be collected from those persons who are taxable by the State of Washington under Chapter 82.45 RCW upon the occurrence of any taxable event within the corporate limits of the City. (c)Said excise tax shall comply with all applicable rules, regulations,laws and court decisions regarding real estate excise taxes as imposed by the State of Nashington under Chapter 82.45 ReW. Section 2.Lien.The real estate excise tax and interest or penalties thereon shall constitute a specific lien upon each piece of real property sold from the time of sale until the tax is paid, which lien may be enforced in the manner prescribed for the fore- closure of mortgages. Section 3.Seller's Obligation.The excise tax shall be the obligation of the Seller of the real property and may be enforced through an action of debt against the seller or in the manner pre- scribed for the foreclosure of mortgages.Resort to one course of enforcement is not an election not to pursue the other. Section 4.Collection.The excise tax shall be paid to and collected by the Snohomish County Treasurer.The Treasurer shall act as agent for the City.The Treasurer shall cause a stamp Ordinance - 1 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 Treasurer for the payment of the tax shall be evidence of the satisfaction of the lien imposed by Section 2 above, and may be recorded in the manner prescribed for recording satisfac- tions of 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 a suitable notation of this fact is made on the instrument by the Treasurer. Section 5.Disbursal of Tax Proceeds. (a)The Snohomish ,County Treasurer shall deposit one per- cent (1%)of the proceeds of the excise tax into the Snohomish County Current Expense Fund to defray the costs of collection. (b)The remaining proceeds of the excise tax shall be remitted to the City on a monthly basis. Section 6.Deposit in Growth Management Fund.All proceeds of the excise tax which are disbursed to the City shall be deposited into the'Growth Management Fund.Monies in said fund shall be accumu- lated from year to year,and may be expended at such times as the City Council shall by ordinance direct for purposes of making capital improvements for the public benefit,including but not limited to those capital improvements listed in RCW 35.43.0~O. Section 7.Effective Date.This ordinance shall become effective on July 1,1982. ~PASSED by the City Counci 1 &l'l:e fxPPl4:01J~Q B¥'ER8 UetySi!'this /Jt -,day of TCA.YJe--,1982. APP~2VED by the/Mayor this' ,2!:/!!:d~.y of"~~1982. APPROVED AS TO FORM: BY~~~~~CITYATTOEY Ordinance -2 :/ MAYOR ATTEST: ORDINANCE NO.1244 City of Marysville ' Marysville,washington AN ORDINANCE OF THE CITY OF MARYSVILLE ENACTING A NEW CHAPTER IN TITLE 3 OF THE MARYSVILLE MUNICIPAL CODE LE· VYING A REAL ESTATE EXCISE TAX, ESTABLISHING,PROCEDURES FOR THE COLLECTION THEREOF,AND PROVIDING FOR THE DEPOSITION OF j ALL TAX PROCEEDS IN THE GROWTH MANAGEMENT FUND. THE CITY COUNCIL OF THE CITY OF MARYSVILLE,WASHINGTON,DO OR· DIAN AS FOLLOWS: Section 1.Real Estate Excise Tax. (a)There is hereby levied and Imposed an excise tax on each sale of real property within the corporate limits of the City at a rate of one quarter of one percent (0.25) of the seiling price of said real property. (b)Said excise tax shall be collected from those persons who are taxable by the State of Washington under Chapter 82.45 RCW upon the occurrence ot any taxable event within the corporate limits of the CI- ty.- (c)Said excise tax shall comply with all 'applicable rules,regulations,laws and court decisions regarding real estate ex· 'clse taxes as .lmposed by the State of Washington under Chapter 82.45 RCW. Section 2.Lien.The real estate excise tax and Interest or penalties thereon shall con- stitute a specific lien upon each piece of real property sold from the,time of sale un- til the tax Is paid,which lien may be en- forced In the manner prescribed for the ,fore'closure of mortgages. Section 3.Seller's Obligation.The excise tax shall be the obligation of the Seller of : the real property and may be enforced' through an action of debt against the seller' or In the'manner prescribed for the foreclosure of mortgages.Resort to een: course of enforcement Is not an election i not to pursue the other.I Section 4.Collection.The excise tax ~ shall be paid to and collected by the; Snohomish County Treasurer.The' Treasurer shall act as agent for the City.I The Treasurer shall cause a stamp evlden-I clng 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 I home sales. A receipt Issued by the Treasurer for the payment of the tax shall I be eVidence of the satlsfaclton of the lien, Imposed by Section 2.above,and may be, recorded In the manner prescribed for, recording satisfactions of mortgages.No Instrument of sale or conveyance evldenc-I Ing a sale subject to tne tax may be ec-: cepted by the County AUditor for filing or, recording until the tax Is paid and the stamp affixed thereto;In case the tax Is i not due on the transfer,the Instrument' .shall not be accepted until a suitable n~ta-l tlon of thls fact Is.made on TOe msrrurnem by the Treasurer. Section 5.Disbursal of Tax Proceeds. (a)The Snohomish county Treasurer shall deposit one percent (1%)of the pro' ceeds of the excise tax Into the Snohomish County Current Expense Fund to defray the costs of colleclton.. (b)The remaining proceeds of the ex- cise tax shall be remitted to the City on a monthly basis. Section 6.Deposit In Growth Manage- ment Fund.All proceeds of the excise tax which are disbursed to the City shall be deposited Into the Growth Management Fund.Monies in said fund shall be ac- cumulated from year to year,and may be expended at such times as the City Council .s.haJI by ordinance dl!,~ct for purpose~_of AFFIDAVIT OF PUBLICATION No..:._ STATE OF WASHINGTON, County of Snohomish, SS. __Lill_E ..-Won.d.wa.:r:th--._-,being first duly sworn on oath deposes and says that he is the;s.ec.:r:.e.tary..__.. _ of THE MARYSVILLE GLOBE, a weekly newspaper. That said newspaper is a legal newspaper which has been ap- proved by order of the Superior Court in Snohomish County June 18, 1962 in compliance with Chapter 213 of Washington Laws of 1941, and it is now and has been for more than six months prior to the date of the publication hereinafter re- ferred to,published in the English language continually as a weekly newspaper in Marysville,Snohomish County,Wash- ington,and it is now and during all of said time was printed in an office maintained at the aforesaid place of publication of said newspaper.That the annexed is a true copy of a __Q!<J!!1~.!1_C_~_~Q.!_1_J_4..4..as it was published in regular issues (and not in supplement form)of said newspaper once each week for a period of __~~~con- secutive weeks,commencing on the __:tQtll__day of J.11.n.e., 19_~~_,and ending on the _J.9JJl __day of -I1,!Qg ,19J~.L, both dates inclusive,and that such newspaper was regularly distributed to its subscribers during all of said period.That the full amount of the fee charged for the foregoing publi- cation is the sum of $_.9_2_.Ji6 ,which amount has been paid in full ~, - --:~.\-..A-A/--'-UC-~_~ Subscribed an sworn to before me this 2..J:~.~__ day of ~>;;:,:~1~ Notary Public in and tor the State of Washington, Residing at Marysville. making capl,tlll Improvements for the public benefit,Ineludlng but not limited to those capital Improvements listed In RCW 35.43.040. Section 7.Effective Date:This ordinance shall become effective on July 1,1982. PASSED by the City Council this 14th day of June,1982. Approved by the Mayor this 24th day of 'June 1982. THE CITY OF MARYSVILLE By Daryl D.Brennlck,Mayor Attest:By Mary Callahan Deputy City Clerk Approved as to Form: By James H.Allendoerfer,City Atty. Published:June 30,1982