§ 8-5.02 TAX IMPOSED.
   There is imposed on each deed, instrument, or 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, her, or their direction, when the consideration or value of the interest or property conveyed (exclusive of the value of any lien or encumbrances remaining thereon at the time of sale) exceeds $100 a tax at the rate of $.275 for each $500 or fractional part thereof.
('61 Code, § 8-5.02) (Ord. 116 C.S., passed 12-4-67)