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California Revenue and Taxation Code Section 11911

Legal Research Home > California Laws > Revenue and Taxation Code > California Revenue and Taxation Code Section 11911

11911.  (a) The board of supervisors of any county or city and
county, by an ordinance adopted pursuant to this part, may impose, on
each deed, instrument, or writing by which any lands, tenements, or
other realty sold within the county shall be granted, assigned,
transferred, or otherwise conveyed to, or vested in, the purchaser or
purchasers, or any other person or persons, by his or their
direction, when the consideration or value of the interest or
property conveyed (exclusive of the value of any lien or encumbrance
remaining thereon at the time of sale) exceeds one hundred dollars
($100) a tax at the rate of fifty-five cents ($0.55) for each five
hundred dollars ($500) or fractional part thereof.
   (b) The legislative body of any city which is within a county
which has imposed a tax pursuant to subdivision (a) may, by an
ordinance adopted pursuant to this part, impose, on each deed,
instrument, or writing by which any lands, tenements, or other realty
sold within the city shall be granted, assigned, transferred, or
otherwise conveyed to, or vested in, the purchaser or purchasers, or
any other person or persons, by his or their direction, when the
consideration or value of the interest or property conveyed
(exclusive of the value of any lien or encumbrance remaining thereon
at the time of sale) exceeds one hundred dollars ($100), a tax at the
rate of one-half the amount specified in subdivision (a) for each
five hundred dollars ($500) or fractional part thereof.
   (c) A credit shall be allowed against the tax imposed by a county
ordinance pursuant to subdivision (a) for the amount of any tax due
to any city by reason of an ordinance adopted pursuant to subdivision
(b). No credit shall be allowed against any county tax for a city
tax which is not in conformity with this part.

Section: 11911  11911.1  11912  11913  Next

Last modified: March 17, 2014