There is imposed an excise tax on each sale of real property in the corporate limits of the city pursuant to the authority granted in RCW 82.46.010 (1).
(Ord. 2255 § 1, 1986)
The rate of the tax imposed by LMC § 3.11.010 shall be one-quarter of one percent of the selling price.
(Ord. 2255 § 2, 1986)
Taxes imposed under this chapter shall be collected from persons who are taxable by the state under Chapter 82.45 RCW upon the occurrence of any taxable event within the corporate limits of the city.
(Ord. 2255 § 3, 1986)
All applicable rules, regulations, laws and court decisions regarding real estate excise taxes as imposed by the state under Chapter 82.45 RCW shall apply to the excise tax imposed under this chapter.
(Ord. 2255 § 4, 1986)