Legislation

§ 1205. Imposition of taxes on deeds in the city of Mount Vernon. (a)
Notwithstanding any provision of law to the contrary, the local
governing body of the city of Mount Vernon, by the adoption and
amendment of local laws, ordinances or resolutions may impose in such
city and provide for the administration and collection of a tax on deeds
by which real property is conveyed in such city in the manner set forth
and as authorized in subdivision (b) of this section.

(b) There is hereby imposed in the city of Mount Vernon a tax on each
deed by which any real property is conveyed (measured by the
consideration or value of the interest or property conveyed) at a rate
not to exceed one and one-half percent of such consideration or value
with respect to all conveyances, provided that such city may allow
deductions for any liens on such interest or property and may also allow
an exemption not in excess of one hundred thousand dollars on the
consideration or value of the interest or property conveyed. Provided,
further, that such taxes shall not apply if the contract for any such
conveyance was made prior to September first, nineteen hundred
eighty-four. Such taxes may be imposed on any conveyance or transfer of
real property or interest therein by deed where the real property is
located in such city regardless of where transactions, negotiations,
transfers of deeds or other actions with regard to the transfer or
conveyance take place, subject only to the restrictions contained in
section twelve hundred thirty. The payment of, and the filing of a
return relating to, any such taxes may be required as a condition
precedent to the recording of a deed.