[Adopted 3-26-2007 by Ord. No. 692 (Ch. XXIV, Part 5, of
the 1975 Borough Code)]
Palmyra Borough adopts the provisions of Article XI-D of the
Tax Reform Code of 1971[1] and imposes a realty transfer tax as authorized under
that article subject to the rate limitations therein. The tax imposed
under this article shall be at the rate of $0.50 on every $100 of
the total value, or fraction thereof on every transaction or transfer
whereby any lands, tenements or hereditaments or any interest, therein,
lying being and situate, wholly or in part, within the boundaries
of Palmyra Borough, Lebanon County, Pennsylvania, shall be granted,
bargained, sold, transferred, conveyed, assigned, or otherwise vested
in the grantee, purchaser, or any other person with the exception
of those conveyances specifically exempted from the definition of
transaction or transfer.
[1]
Editor's Note: See 72 P.S. § 8101-D et seq.
The tax imposed under § 325-31 and all applicable interest and penalties shall be administered, collected and enforced under the Act of December 31, 1965 (P.L. 1257, No. 511, as amended), known as the "Local Tax Enabling Act,"[1] provided that if the correct amount of the tax is not
paid by the last date prescribed for timely payment, Palmyra Borough,
pursuant to Section 1102-D of the Tax Reform Code of 1971 (72 P.S.
§ 8102-D), authorizes and directs the Department of Revenue
of the Commonwealth of Pennsylvania to determine, collect and enforce
the tax, interest and penalties.
[1]
Editor's Note: See now 53 P.S. § 6924.101 et seq.
Any tax imposed under § 325-31 that is not paid by the date the tax is due shall bear interest as prescribed for interest on delinquent municipal claims under the act of May 16, 1923 (P.L. 207, No. 153) (53 P.S. § 7101 et seq.), as amended, known as the "Municipal Claims and Tax Lien Act." The interest rate shall be the lessor of the interest rate imposed upon delinquent commonwealth taxes as provided in Section 806 of the Act of April 9, 1929 (P.L. 343, No. 176) (72 P.S. § 806), as amended, known as the "Fiscal Code," or the maximum interest rate permitted under the Municipal Claims and Tax Lien Act for tax claims.
