The borough for general revenue purposes hereby levies and assesses and collects a tax in the amount of 1% of the value of any transfer of real property situated, and upon any transfer of an interest in real property situated, within the limits of the borough regardless of where the actual settlements on the transfer take place. Every person who make, executes, delivers, accepts or presents for recording any document or in whose behalf any document is made, executed, delivered, accepted or presented for recording, shall be subject to pay this real estate transfer tax for and in respect to the transaction or any part thereof. Any such person shall also be liable for any penalties imposed under this subchapter. The tax is due and shall be payable at the time when the document is presented for recording or, if authorized, within 30 days of acceptance of the document or within 30 days of becoming an acquired company.
(2006 Code, § 24-601) (Ord. 5/7/2001, passed 5-7-2001, § 1) Penalty, see § 35.999