After the effective date of this Part, on every document whereby any lands, tenements or hereditaments, or any interest thereon, lying and being situate wholly or in part within the boundaries of the Township shall be granted, bargained, sold or otherwise conveyed, a tax for general revenue purposes is hereby imposed and assessed on each such document at the rate of ½% on every $100 of the value of the real estate, lands, tenements or hereditaments, or any interest therein, which is conveyed or transferred by such document; provided, that where any lands, tenements or hereditaments being situate partly within and partly without the boundaries of the Township are conveyed, such tax so levied shall be collected on the valuation of the portion of such lands and tenements lying within the limits of the Township; provided, further, that on all transactions where the value by which the tax is determined involves a figure not divisible by $100, no tax shall be collected on that part of the value or selling price over and above the highest even $100 valuation.
(Ord. 41, 3/5/1987, § 3)