(a) The tax imposed by this chapter shall be paid to the director of finance by the persons referred to in Section 2.34.020. Payment shall be accompanied by a declaration of the amount of tax due signed by the person paying the tax or by his or her agent. The declaration shall include a statement that the value of the consideration on which the tax due was computed includes all indebtedness secured by encumbrances remaining or placed on the realty transferred at the time of transfer, and also includes all special assessments on the realty which the purchaser or transferee agrees to pay or which remain an encumbrance on the realty at the time of conveyance. The declaration shall identify the instrument effecting the conveyance for which the tax is being paid. The director of finance may require delivery to him or her of a copy of such instrument whenever he or she deems such to be reasonably necessary to adequately identify such writing or to administer the provisions of this chapter. The director of finance may rely on the declaration as to the amount of the tax due provided he or she has no reason to believe that the full amount of the tax due is not shown on the declaration.
(b) Whenever the director of finance has reason to believe that the full amount of tax due is not shown on the declaration or has not been paid, he or she may, by notice served upon any person liable for the tax, require him or her to furnish a true copy of his or her records relevant to the value of the consideration or fair market value of the realty conveyed. Such notice may be served at any time within three years after recordation of the instrument which conveys such realty.
(Ord. 4073 § 14, 1992)