(A) There is imposed on each deed, instrument or other 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 their direction, when the consideration or value of the interest or property conveyed (exclusive of the amount of any lien or encumbrance remaining thereon at the time of sale) exceeds $100, a tax at the rate of $0.275 for each $500, and each fractional part, of the value or consideration given for such transfer.
(B) The tax imposed pursuant to this subchapter shall be paid by any person who makes, signs or issues any such document subject to the tax, or for whose use or benefit the same is made, signed or issued.
('83 Code, § 3.20.030) Penalty, see § 35.999