[Ord. 753, 12/12/2006]
This Part 6 shall be known and may be cited
as the "Realty Transfer Tax Ordinance."
[Ord. 753, 12/12/2006]
For general revenue purposes, a tax is imposed
upon every transfer of real property situated in the Borough of Beaver
which is not expressly exempted or excluded from taxation by state
law.
[Ord. 753, 12/12/2006]
The rate of such tax is hereby fixed at 1% of
the value of the real property transferred.
[Ord. 753, 12/12/2006]
In the event that the tax is not paid when due,
it shall bear interest at the rate of 6% per year until the date full
payment is actually received.
[Ord. 753, 12/12/2006]
Any person who commits a summary offense under
this Part shall be sentenced to pay a fine of not less than $300 nor
more than $600, plus all costs of prosecution, or in default of payment,
to undergo imprisonment for not less than 15 nor more than 30 days.
[Ord. 753, 12/12/2006]
The various provisions of this Part shall be
severable from each other, so that if any provision is finally determined
to be illegal or invalid, either generally or in particular application,
the efficacy of the remaining provisions shall not be impaired.