HomeMy WebLinkAboutO-1820 - Adds Sec. 3.88.015; amends Sec. 3.88.020, 3.88.030, 3.88.040, 3.88.050, 3.88.060 and 3.88.070, real estate excise tax (3.88)s:13"",t fJJ,.
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14~~CITY OF MARYSVILLE
Marysville,Washington
ORDINANCE NO.!8 dO
An Ordinance Amending Chapter 3.88 of the
Marysville Municipal Code,Imposing an Additional
Real Estate Excise Tax
THE CITY COUNCIL OF THE CITY OF MARYSVILLE,
WASHINGTON DO ORDAIN AS FOLLOWS:
Chapter 3.88 of the Marysville Municipal Code is
hereby amended as follows:
3.88.015 Additional Tax Imposed --Collection
(a)There is 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 of the
selling price of the real property.
(b)The excise tax so imposed is in addition to
the excise tax imposed under MMC 3.88.010 (a).
(c)The additional excise tax shall be collected
in accordance with MMC 3.88.010 (b).
(d)MMC 3.88.010 (c)shall apply to this
additional excise tax.
3.88.020 Lien.The real estate excise taxes
herein imposed 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 foreclosure
of mortgages.
3.88.030 Seller's Obligation.Both excise taxes
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 one course of enforcement is not an
election not to pursue the other.
3.88.040 Collection.Both excise taxes 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 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
Ordinance No./82()
Page - 2 -
3.88.020,and may be recorded in the manner prescribed for
recording satisfactions of mortgages.No instrument of sale
or conveyance evidencing a sale subject to the taxes may be
accepted by the County Auditor for filing or recording until
the taxes are paid and the stamp affixed thereto;in case
the taxes are 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.
3.88.050 Disbursal of Tax Proceeds.
(a)The Snohomish County Treasurer shall deposit
one percent of the proceeds of the excise tax collected
pursuant to MMC 3.88.010 into the Snohomish County current
expense fund to defray the costs of collection.No such
deduction shall be made from the proceeds of the excise tax
collected pursuant to MMC 3.88.015.
(b)The remaining proceeds of both excise taxes
shall be remitted to the City on a monthly basis.
3.88.060 Deposit in Growth Management Fund.
(a)All proceeds of the excise tax collected
pursuant to MMC 3.88.010 and disbursed to the City shall be
deposited into the Growth Management Fund.Said proceeds
shall be accumulated 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 35.43.040,PROVIDED that after
July 1,1990 revenues generated from the tax imposed under
Section 3.88.010 MMC shall be used primarily for financing
capital projects specified in a capital facilities plan
element of a comprehensive plan and housing relocation
assistance under RCW 59.18.440 and 59.18.450.
(b)All proceeds of the excise tax collected
pursuant to MMC 3.88.015 and disbursed to the City shall be
deposited into a separate account in the Growth Management
Fund.Said proceeds shall be accumulated from year to year,
and may be expended at such times as the City Council shall
by Ordinance direct solely for financing capital projects
specified in a capital facilities plan element of a
comprehensive plan.
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Ordinance No.1 8 zO
Page - 3 -
3.88.070 Effective Date.
(a)All provisions of this Chapter relating to
the excise tax imposed by Section 3.88.010 shall be
effective July 1,1982.
(b)All provisions of this Chapter relating to
the excise tax imposed by Section 3.88.015 shall be
effective March 1,1991.
PASSED by the City Council and APPROVED by the
Mayor this ~day of January,1991.
ATTEST:
Q~~/City Cik~
APPROVED AS TO FORM:
~I.U~
City Attorney
CITY OF MARYSVILLE
Ak~...~Mayor