Sec. 11.1-2. Tax on recordation of deeds.
There is hereby imposed and levied by the city, pursuant to
section 58-65.1 of the Code of Virginia, a tax equal to one-third of
the amount of the state recordation tax collectable for the state on
the first recordation of each taxable instrument in the city;
provided, that no tax under this section shall be imposed or levied
upon any instrument upon which the state recordation tax is fifty
cents specifically; provided further that where a deed or other
instrument conveys, covers or relates to property located within
the city and also to property located in Albemarle County, the tax
imposed under this section shall be computed only with respect to
the property located in the city. The clerk of the corporation court
shall
collect such tax and pay the same to the city treasurer. (12-27-60.)
