Recordation and Transfer Taxes - Increases - Dedicating Portion of Tax Proceeds For the purpose of raising the recordation tax from $5 to $6 for each $500 or fractional part of $500 of the actual consideration paid; raising the transfer tax from 1½% to 1¾% of the taxable base, as defined; dedicating a portion of the proceeds from these taxes to the continuing, nonlapsing fund created by City Charter Article I, § 14 {“Affordable Housing Trust Fund”}; and generally relating to the City’s recordation and transfer taxes.

Committee

City Council

Introduced

December 7, 2017

Passed

June 24, 2019