The Board of Supervisors of Penn Township previously adopted the Penn Township Realty Transfer Tax Ordinance pursuant to the provisions of Article XI-D of the Tax Reform Code of 1971 and imposed a realty transfer tax as authorized under that Article subject to the rate limitations therein. The tax imposed under said ordinance was at the rate of ½ of 1% on every $100 of the value of the real estate, lands, tenements, or hereditaments, or any interest therein which is conveyed or transferred by any document within the Township of Penn, Centre County, Pennsylvania.
(Ord. 77, 12/7/2006, § 1)