A tax is imposed on the privilege of transferring title to real estate within the corporate limits of the village, on the privilege of transferring a beneficial interest in real property which is the subject of a trust, and on the privilege of transferring a controlling interest in a real estate entity owning property located in the village, at the rate of $3 for each $1,000 of value or fraction thereof stated in the declaration provided for in this article.
REAL ESTATE shall mean both land and any structures permanently affixed to the land. The tax herein levied shall be in addition to any and all other taxes. The tax is due if the transfer is made by one or more related transactions or involves one or more persons or entities and whether or not a document is recorded. The fee to obtain an exempt stamp is $25.
(Ord. 92-04-41, passed 4-14-1992; Ord. 2004-06-33, passed 6-7-2004; Ord. 2005-08-45, passed 8-15-2005; Ord. 2009-11-62, passed 11-16-2009)