842.01 County Recordation Tax.
CROSS REFERENCES
City or County Recordation Tax - see Code of Va. § 58.1-814
Recordation Tax - see Code of Va. § 58.1-3800
(a) A County Recordation Tax is hereby imposed, in an amount equal to one-third of the amount of the State recordation tax collectible for the State on the first recordation of each taxable instrument; provided no tax shall be imposed under this section upon any instrument in which the State recordation tax is fifty cents ($.50) specifically; and provided further, that where a deed or other instrument conveys, covers, or relates to property located partly in Loudoun County and partly in another county or city, or in other counties or cities, the tax imposed under the authority of this section shall be computed only with respect to the property located in Loudoun County.
(b) The effective date of this ordinance shall be at 12:01 a.m. on July 24, 1959.
(Ord. Unno. Passed 7-6-59.)