§ 11-3-203. TRANSFER TAX AUTHORIZED.

(a)

Established. In accordance with the authority granted in § 11-1-102 of this article, there is a transfer tax levied and imposed on instruments of writing recorded with the Clerk of the Circuit Court in the county.

(b)

Rate. The transfer tax rate is 1.5% of the consideration paid or to be paid by the transferee in exchange for the conveyance evidenced by the instrument of writing, determined as provided in § 11-3-207 of this subtitle.

(1988 Code, § 33-127) (Bill No. 87, 1990, § 2, 8-13-1990; Bill No. 68, 1992, § 1, 7-1-1992; Bill No. 128, 1992, § 2, 7-13-1992; Bill No. 66-95, § 2, 6-30-1995; Bill No. 102-95, § 1, 7-1-1995; Bill No. 49-96, § 20, 7-1-1996; Bill No. 153-97, § 1, 3-8-1998; Bill No. 8-01, § 1, 4-14-2001; Bill No. 33-03, § 2, 7-1-2004)