§ 21-39. Exemption—Partitions.

Latest version.

No Documentary Transfer Tax shall be due upon documents partitioning real property between/among the owners thereof, provided all of the following conditions are met:
(a)

All pre-partition owners must continue as owners of the partitioned property;

(b)

No one shall be named as a grantee who was not a pre-partition owner; and

(c)

The grantees' respective interests in the partitioned property must be approximately equal in value (remain in the same proportion).

(Ord. No. 3982, § 2 (part), 3-25-08)

                    
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