§ 26-759. Deeds.

Latest version.

There is hereby levied on every deed, except a deed exempt from taxation by law, which is admitted to record in the Clerk's Office of the Circuit Court of the City a tax in an amount equal to one-third of the amount of the State recordation tax on every $100.00 or fraction thereof of the consideration of the deed or the actual value of the property conveyed, whichever is greater. Where a deed conveys property lying partly in the City and partly without the City, the tax imposed by this article shall apply only to the value of so much of the property conveyed as is situated within the City.

(Code 1993, § 27-246; Code 2004, § 98-486; Ord. No. 2004-178-174, § 1, 6-28-2004)

State Law reference— Recordation taxes on deeds, Code of Virginia, § 58.1-801.

(Code 1993, § 27-246; Code 2004, § 98-486; Ord. No. 2004-178-174, § 1, 6-28-2004)

State law reference

Recordation taxes on deeds, Code of Virginia, § 58.1-801.

                    
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