Pursuant to the authority contained in the Local Tax Enabling Act, being the Act of December 31, 1965, P.L. 1257, as amended, a tax for the purpose of providing revenue for general Borough purposes is hereby levied, assessed and imposed upon the transfer of real property or an interest in real property within the limits of the Borough of Swarthmore, regardless of where the instrument making the transfer is made, executed or delivered or where the actual settlement on the transfer takes place, at the rate of one percent of the amount of the value of said real property or interest therein, as defined in this chapter.
(Ord. 851. Passed 10-11-88.)