§ 3-2-41. Imposition of tax.

Latest version.

There is imposed on each taxable instrument upon its first recordation in the city a tax in an amount equal to one-third ( 1/3 ) of the amount of the state recordation tax collectible for the state on such instruments. This tax is by virtue of and subject to the terms of section 58-65.1 of the Code of Virginia (1950), as amended. (Code 1963, Sec. 36-25)

                    
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