A. Tax, Rate: A county tax is imposed on the privilege of transferring title to real estate situated in Ogle County as represented by the deed that is filed for recordation, and upon the privilege of transferring a beneficial interest in a land trust holding legal title to real estate located in such county as represented by the trust document that is filed for recordation, at the rate of twenty five cents ($0.25) for each five hundred dollars ($500.00) of value or fraction thereof stated in the declaration provided in section 8-2-2 of this division. If, however, the real estate is transferred subject to a mortgage, the amount of the mortgage remaining outstanding at the time of transfer shall not be included in the basis of computing the tax.
B. State Tax Stamp Provisions: The county real estate transfer tax shall be in addition to the state real estate transfer tax. The stamps affixed to said deed or instrument for the purpose of showing payment of the state real estate transfer tax shall also be evidence that the county real estate transfer tax has been paid in the same amount as shown by said stamps.
C. Other Taxes Allowed: The tax herein imposed shall be in addition to all other occupation or privilege taxes imposed by the state of Illinois or by any municipal corporation or political subdivision thereof. (Ord., 1-21-1986)