Pursuant to the authority conferred upon home rule units under the Constitution of the State of Illinois of 1970, the President and Board of Trustees of the Village of Mettawa have determined to impose a real estate transfer tax, as follows:
A. A tax is imposed hereby on the transfer of legal or beneficial title to real property located within the corporate limits of the Village as evidenced by the Recordation of a Deed by any person or by the delivery of any Deed or assignment of interest of said real property, made after the 30th day of April, 1996, and thereafter, whether investing the grantee with the beneficial interest in or legal title to said property or merely the possession or use thereof for any purpose or to secure future payment of money or the future transfer of any such real property.
B. The tax imposed shall be as set forth in Chapter 2, Village Government, Article X, Tax, Fee, Fine and Penalty Schedules, Section 2.1001, Tax Schedule.
(Ord. 328, passed 4-10-96; Am. Ord. 341, passed 5-8-96; Am. Ord. 852, passed 10-20-2020)