A. Rate and time of payment. A tax in the amount of 3.5% of the value is hereby imposed upon each transfer of any interest in real property situated within the City regardless of where the document is made, executed or delivered, or where the actual settlement on each transfer takes place. The tax shall be payable at the time of delivery of the document.
B. Determination of tax liability. Every person who accepts delivery of any document, or on whose behalf delivery of any document is accepted, shall be liable for the payment of the tax, except that where any document is delivered to the commonwealth, a political subdivision or to an authority created by the commonwealth or a political subdivision, the person by whom the document was made, executed, issued or delivered shall be liable for the payment of the tax.
C. Relation to § 24-804. The tax levied by this Part 8B shall be in addition to the tax imposed under § 549-304 of this chapter.