In the event a deed is filed for Recordation or there is an assignment of beneficial interest conveying any interest in real estate within the corporate limits of the Village without payment of the tax imposed in Section 19.201, a lien is declared created against said real estate so conveyed in the amount of the tax. The fact that the deed or assignment does not contain Village revenue stamps in an amount equal to the tax imposed by this subchapter shall constitute constructive notice of lien. The lien may be enforced by proceedings for foreclosure, as in cases of mortgages or mechanics' liens. Suit to foreclose this lien must be commenced within three (3) years after the date of recording the deed. Nothing herein shall be construed as preventing the Village from bringing a civil action to collect the tax imposed by this subchapter from any person who has the liability for payment of the same, including interest and penalties as hereinbelow provided.
(Ord. 328, passed 4-10-96; Am. Ord. 341, passed 5-8-96)