§ 21-45. Allocation of taxes collected.

The Auditor-Controller shall allocate all taxes collected by the Recorder under this article and by city transfer tax ordinance, as follows:

(a)

Amounts relating to transfers of real property located in unincorporated areas of the county shall be allocated entirely to the county;

(b)

Amounts relating to transfers of real property located in a city that has adopted a conforming city transfer tax ordinance shall be allocated one-half to such city and one-half to the county;

(c)

Amounts relating to transfers of real property located in a city that has adopted a city transfer tax ordinance that does not qualify as a conforming city transfer tax ordinance shall be allocated between the city and the county by crediting all Documentary Transfer Tax collected to the county and all city transfer tax collected to the city;

(d)

Amounts relating to transfers of real property located within a city that has not adopted a city transfer tax ordinance shall be allocated entirely to the county.

(Ord. No. 3982, § 2 (part), 3-25-08)