There is imposed on each deed, instrument or writing by which any lands, tenements or other realty sold within the city shall be granted, assigned, transferred or otherwise conveyed to, or vested in, the purchaser or purchasers, or any other person or persons, by his or her or their direction, when the consideration or value of the interest or property conveyed (exclusive of the value of any lien or encumbrances remaining thereof at the time of sale) exceeds $100, a tax at the rate of twenty-seven and one-half cents ($.275) for each $500 of consideration or value or fractional part thereof.
(Prior code § 3.22.020)