§ 70-4. Recordation tax on certain legal instruments; amount; collection.  


Latest version.
  • (a)

    There is hereby levied and imposed in addition to all other taxes and fees of every kind now imposed, on the first recordation of each taxable instrument in the city a city recordation tax in an amount equal to one-third of the amount of state recordation tax collectible for the state under the provisions of state law; provided, however, that except in a case in which the state recordation tax is $0.50 specifically, where a deed or other instrument conveys, covers or relates to property located in the city and also to property located in another city or county, or in other cities and counties, and such deed or instrument is first recorded in the City of Emporia, the tax imposed under the authority of this section by the city shall be computed only with respect to the property located in this city.

    (b)

    The clerk of the county circuit court shall collect such city tax and pay the tax into the treasury of the city. The clerk shall be entitled to compensation for such services in an amount equal to five percent of the amount so collected and paid over.

    (Code 1972, § 8-23)

    State Law reference— State recordation tax, Code of Virginia, § 58.1-800 et seq.; local recordation tax, Code of Virginia, § 58.1-3800 et seq.

(Code 1972, § 8-23)

State law reference

State recordation tax, Code of Virginia, § 58.1-800 et seq.; local recordation tax, Code of Virginia, § 58.1-3800 et seq.