3.12.010 - Real estate excise tax imposed.

There is imposed an excise tax of .0025 of the selling price on each sale of real property constituting a taxable event as defined in RCW Chapter 82.45 on all property transfers within the corporate limits of the town.

(Ord. 346 § 2, 1986)

3.12.020 - Deposit of proceeds.

All proceeds from the excise tax imposed by this chapter shall be deposited in the town's municipal reserve fund, account No. 103.

(Ord. 346 § 3, 1986)

3.12.030 - Collection.

The tax shall be collected by the Yakima County treasurer following publication of the ordinance codified in this chapter.

(Ord. 346 § 4, 1986)