This subchapter shall be known as, and for all purposes may be referred to as the "Real Property Transfer Tax Ordinance of the City of Lathrop."
(Prior code § 34.01)
Pursuant to the authority of Section 11901 et seq. of the Revenue and Taxation Code, there is hereby 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, her or their direction, when the consideration or value of the interest or property conveyed (exclusive of the value of any lien or encumbrance remaining thereon at the time of sale) exceeds $100, a tax at the rate of twenty-seven and one-half cents ($0.27½) for each $500 or fractional part thereof.
(Prior code § 34.02)
The transfer of any mobilehome installed on a foundation system pursuant to Section 18551 of the Health Safety Code and subject to local property taxation shall be subject to the tax imposed pursuant to Section 3.08.020.
(Prior code § 34.03; Ord. 01-191 § 2)
The tax imposed shall be paid by any person who makes, signs or issues any document or instrument subject to the tax, or for whose use or benefit the same is made, signed or issued.
(Prior code § 34.04)
Any tax imposed pursuant to Section 3.08.020 shall not apply to:
A.
Any instrument in writing given to secure a debt;
B.
Any deed, instrument or writing to which the United States or any agency or instrumentality thereof, any state or territory, or political subdivision thereof, is a party shall be exempt from any tax imposed pursuant to this part when the exempt agency is acquiring title;
C.
The making, delivering or filing of conveyances to make effective any plan or reorganization or adjustment:
1.
Confirmed under the Federal Bankruptcy Act, as amended,
2.
Approved in an equity receivership proceeding in a court involving a railroad corporation, as defined in subdivision (m) of Section 205 of Title 11 of the United States Code, as amended,
3.
Approved in an equity receivership proceeding in a court involving a corporation, as defined in subdivision (3) of Section 506 of Title 11 of the United States Code, as amended,
4.
Whereby a mere change in identity, form or place of organization is effected,
5.
Subsection (C)(l) through (4) above shall only apply if the making, delivery or filing of instruments of transfer or conveyances occurs within five years from the date of such confirmation, approval or change;
D.
The making or delivery of conveyances to make effective any order of the Securities and Exchange Commission, as defined in subdivision (a) of Section 1083 of the Internal Revenue Code of 1954; but only if:
1.
The order of the Securities and Exchange Commission in obedience to which such conveyance is made recites that such conveyance is necessary or appropriate to effectuate the provisions of Section 79K of Title 15 of the United States Code, relating to the Public Utility Holding Company Act of 1935,
2.
Such order specifies the property which is ordered to be conveyed,
3.
Such conveyance is made in obedience to such order;
E.
1.
Any realty held by a partnership by reason of any transfer of an interest in a partnership or otherwise, if:
2.
If there is a termination of any partnership within the meaning of Section 708 of the Internal Revenue Code of 1954, for purposes of this chapter, such partnership shall be treated as having executed an instrument whereby there was conveyed, for fair market value (exclusive of the value of any lien or encumbrance remaining thereon), all realty held by such partnership at the time of such termination;
3.
No more than one tax shall be imposed pursuant to this chapter by reason of a termination described in the preceding paragraph, and any transfer pursuant thereto, with respect to the realty held by such partnership at the time of such termination;
F.
Any deed, instrument or writing to a beneficiary or mortgagee, which is taken from the mortgagor or trustor as a result of or in lieu of foreclosure; provided, that such tax shall apply to the extent that the consideration exceeds the unpaid debt, including accrued interest and cost of foreclosure. Consideration, unpaid debt amount and identification of grantee as beneficiary or mortgagee shall be noted on the deed, instrument or writing or stated in an affidavit or declaration under penalty of perjury for tax purposes;
G.
1.
Any tax imposed pursuant to this part shall not apply with respect to any deed, instrument, or other writing which purports to transfer, divide, or allocate community, quasi-community, or quasi-marital property assets between spouses for the purpose of effecting a division of community, quasi-community, or quasi-marital property which is required by a judgment decreeing a dissolution of the marriage or legal separation, by a judgment of nullity, or by any other judgment or order rendered pursuant to the Family Code, or by a written agreement between the spouses, executed in contemplation of any such judgment or order, whether or not the written agreement is incorporated as part of any of those judgments or orders,
2.
In order to qualify for the exemption provided in subsection (G)(1) above, the deed, instrument, or other writing shall include a written recital, signed by either spouse, stating that the deed, instrument, or other writing is entitled to the exemption;
H.
Any tax imposed pursuant to this part shall not apply with respect to any deed, instrument, or other writing by which realty is conveyed by the state of California, any political subdivision thereof, or agency or instrumentality of either thereof, pursuant to an agreement whereby the purchaser agrees to immediately reconvey the realty to the exempt agency;
I.
Any tax imposed pursuant to this part shall not apply with respect to any deed, instrument, or other writing by which the state of California, any political subdivision thereof, or agency or instrumentality of either thereof, conveys to a nonprofit corporation realty the acquisition, construction, or improvement of which was financed or refinanced by obligations issued by the nonprofit corporation on behalf of a governmental unit, within the meaning of Section 1.103.1(b) of Title 26 of the Federal Code of Regulations;
J.
Any tax imposed pursuant to this part shall not apply to any deed, instrument, or other writing which purports to grant, assign, transfer, convey, divide, allocate, or vest lands, tenements, or realty, or any interest therein, if by reason of such inter vivos gift or by reason of the death of any person, such lands, tenements, realty or interests therein are transferred outright to, or in trust for the benefit of, any person or entity.
(Prior code § 34.05; Ord. 10-191 §§ 3, 4)
Pursuant to the provisions of Part 6.7 of Division 2 of the Revenue and Taxation Code, this subchapter shall be administered by the county recorder.
(Prior code § 34.06)
Claims for refunds of taxes imposed pursuant to this subchapter shall be governed by the provisions of Ch. 5 (commencing with Section 5096) of Part 9 of Division 1 of the Revenue and Taxation Code of the state.
(Prior code § 34.07)