[Adopted 9-7-2006 by Ord. No. 1145]
The Borough of Northampton adopts the provisions of Article
XI-D of the Tax Reform Code of 1971[1] and imposes a realty transfer tax as authorized under
that article subject to the rate limitations therein. The tax imposed
under this section shall be at the rate of 1% of the value of the
real estate represented by any document that is made, executed, accepted
or presented for recording.
[1]
Editor's Note: See 72 P.S. § 8101-D et seq.
The tax imposed under § 220-38 and all applicable interest and penalties shall be administered, collected and enforced under the Act of December 31, 1965 (P.L. 1257, No. 511) as amended, known as "The Local Tax Enabling Act";[1] provided, that if the correct amount of the tax is not
paid by the last date prescribed for timely payment, the Borough of
Northampton, pursuant to Section 1102-D of the Tax Reform Code of
1971 (72 P.S. § 8102-D), authorizes and directs the Department
of Revenue of the Commonwealth of Pennsylvania to determine, collect
and enforce the tax, interest and penalties.
[1]
Editor's Note: See 53 P.S. § 6924.101 et seq.
Any tax imposed under § 220-38 that is not paid by the date the tax is due shall bear interest as prescribed for interest on delinquent municipal claims under the Act of May 16, 1923 (P.L. 207 No. 153) (53 P.S. § 7101 et seq.), as amended, known as "The Municipal Claims and Tax Liens Act." The interest rate shall be the lesser of the interest rate imposed upon delinquent commonwealth taxes as provided in Section 806 of the Act of April 9, 1929 (P.L. 343, No. 176) (72 P.S. § 806), as amended, known as "The Fiscal Code," or the maximum interest rate permitted under the Municipal Claims and Tax Liens Act for tax claims.
