A. As used in this Part 8B, certain terms are defined as follows except where the context clearly indicates a different meaning:
DEED — Any deed, instrument or writing whereby any lands, tenements or hereditaments within the City or any interest therein shall be granted, bargained, sold or otherwise conveyed to the grantee, purchaser or any other person, but does not include wills, mortgages, transfers between husband and wife, transfers between parent and child or the spouse of such child and leases.
PERSON — Every natural person, association, partnership or corporation. Whenever used in any clause prescribing and imposing a fine or imprisonment, or both, the term "person," as applied to associations, shall mean the partners or members thereof, and, as applied to corporations, the officers thereof.
TRANSACTION — The making, executing, delivering, accepting or presenting for recording of a document of any type or kind transferring title to or any interest in real property located within the City.
VALUE — In the case of any document granting, bargaining, selling or otherwise conveying any land, tenement or hereditament, or interest therein, the amount of the actual consideration therefor, including liens or other encumbrances thereon and ground rents, or a commensurate part of the liens or other encumbrances thereon and ground rents where such liens or other encumbrances and ground rents also encumber or are charged against other lands, tenements or hereditaments; provided, that where such documents shall set forth a small or nominal consideration, the "value" thereof shall be determined from the price set forth in or actual consideration for the contract of sale, or, in the case of a gift, or any other document without consideration, from the actual monetary worth of the property granted, bargained, sold or otherwise conveyed, which in either event, shall not be less than the amount of the highest assessment of such lands, tenements or hereditaments for local tax purposes.
B. The singular shall include the plural, and the masculine shall include the feminine and the neuter.