Source: https://www.ecode360.com/9317893
Timestamp: 2019-10-17 05:18:44
Document Index: 212924706

Matched Legal Cases: ['§ 141', '§ 141', '§ 141', '§ 141', '§ 141', '§ 141', '§ 141', '§ 141', '§ 141', '§ 141', '§ 141', '§ 141', '§ 141', '§ 141', '§ 141', '§ 141', '§ 141', '§ 141', '§ 141', '§ 501', '§ 501', '§ 141', '§ 141', '§ 11011', '§ 1111', '§ 8111', '§ 8101']

Township of Caln, PA Real Property Transfer Tax
Ch 141 Art II Real Property Transfer Tax
§ 141-9 Statutory authority.
§ 141-10 Title.
§ 141-12 Imposition of tax.
§ 141-13 Exempt parties.
§ 141-14 Excluded transactions.
§ 141-15 Documents to be fully taxable.
§ 141-16 Acquired companies.
§ 141-17 Tax credits.
§ 141-18 Proceeds of judicial sales.
§ 141-19 Real estate partially within Township.
§ 141-19.1 Statement of value.
§ 141-19.2 Recorder of Deeds.
§ 141-19.3 Evidence of payment.
§ 141-19.4 Additional tax; redetermination.
§ 141-19.5 Enforcement officer.
§ 141-19.6 Collection of delinquent tax; interest and penalties.
§ 141-19.7 Violations and penalties.
§ 141-19.8 When effective.
Article II Real Property Transfer Tax
[Adopted 12-9-1986 by Ord. No. 1986-6[1]]
Editor's Note: This ordinance also repealed former Art. II, Real Property Transfer Tax, adopted 3-7-1956 by Ord. No. 1956-4, as amended, such repeal to be effective concurrently with the effective date of this ordinance.
Pursuant to the authority contained in the Local Tax Enabling Act, Act of December 31, 1965, P.L. 1257,[1] a tax for the purpose of providing revenue for general Township purposes is hereby levied, assessed and imposed upon the transfer of real property or an interest in real property within the limits of Caln Township, regardless of where the instruments making the transfers are made, executed or delivered or where the actual settlements on the transfer take place, at the rate of 1% of the amount of the value of said real property or interest therein, as herein defined.
This article shall be known and may be cited as the "Caln Township Realty Transfer Tax Ordinance."
A real estate company is an "acquired company" upon a change in the ownership interest in the company, however effected, if the change does not affect the continuity of the company and, of itself or together with prior changes, has the effect of transferring, directly or indirectly, 90% or more of the total ownership interest in the company within a period of three years.
A partnership, limited partnership or any other form of unincorporated enterprise, owned or conducted by two or more persons, other than a private trust or decedent's estate.
Any deed, instrument or writing which conveys, transfers, demises, vests, confirms or evidences any transfer or demise of title to real estate, but does not include wills, mortgages, deeds of trust or other instruments of like character given as security for a debt and deeds of release thereof to the debtor, land contracts whereby the legal title does not pass to the grantee until the total consideration specified in the contract has been paid or any cancellation thereof unless the consideration is payable over a period of time exceeding 30 years or instruments which solely grant, vest or confirm a public utility easement. A "document" shall also include a declaration of acquisition required to be presented for recording pursuant to § 141-16 hereof.
With respect to real estate acquired after February 16, 1986, a "family farm corporation" is an acquired company when, because of voluntary or involuntary dissolution, it ceases to be a family farm corporation or when, because of the issuance or transfer of stock or because of acquisition or transfer of assets that are devoted to the business of agriculture, it fails to meet the minimum requirements of a "family farm corporation" under this article.
Every natural person, association or corporation. Whenever used in any clause prescribing and imposing a fine or imprisonment, or both, the term "person," as applied to associations, shall include the responsible members or general partners thereof, and, as applied to corporations, the officers thereof.
Any lands, tenements or hereditaments within the Commonwealth of Pennsylvania, including, without limitation, buildings, structures, fixtures, mines, minerals, oil, gas, quarries, spaces with or without upper or lower boundaries, trees and other improvements, immovables or interests which, by custom, usage or law, pass with a conveyance of land, but excluding permanently attached machinery and equipment in an industrial plant.
A corporation or association which is primarily engaged in the business of holding, selling or leasing real estate, 90% or more of the ownership interest in which is held by 35 or fewer persons and which derives 60% or more of its annual gross receipts from the ownership or disposition of real estate or holds real estate, the value of which comprises 90% or more of the value of its entire tangible asset holdings, exclusive of tangible assets which are freely transferable and actively traded on an established market.
In the case of any bona fide sale of real estate at arm's length for actual monetary worth, the amount of the actual consideration therefor, paid or to be paid, including liens or other encumbrances thereon existing before the transfer and not removed thereby, whether or not the underlying indebtedness is assumed, and ground rents or a commensurate part thereof, where such liens or other encumbrances and ground rents also encumber or are charged against other real estate, provided that, where such documents shall set forth a nominal consideration, the "value" thereof shall be determined from the price set forth in or actual consideration for the contract of sale;
In the case of a gift, sale by execution upon a judgment or upon the foreclosure of a mortgage by a judicial officer, transactions without consideration or for consideration less than the actual monetary worth of the real estate, a taxable lease, an occupancy agreement, a leasehold or possessory interest, any exchange of properties or the real estate of an acquired company, the actual monetary worth of the real estate determined by adjusting the assessed value of the real estate for local real estate tax purposes for the common-level ratio of assessed values to market values of the taxing district as established by the State Tax Equalization Board or a commensurate part of the assessment, where the assessment includes other real estate;
Every person who makes, executes, delivers, accepts or presents for recording any document or in whose behalf any document is made, executed, delivered, accepted or presented for recording shall be subject to pay for and in respect to the transaction or any part thereof, or for and in respect of the vellum parchment or paper upon which such document is written or printed, a tax payable to the Township of Caln, Chester County, Pennsylvania, at the rate of 1% of the value of the real estate represented by such document, which tax shall be payable at the time the document is presented for recording or within 30 days of acceptance of such document or within 30 days of becoming an acquired company, whichever is earliest.
A transfer to the commonwealth or to any of its instrumentalities, agencies or political subdivisions by gift, dedication or deed in lieu of condemnation or deed of confirmation in connection with condemnation proceedings, or a reconveyance by the condemning body of the property condemned to the owner of record at the time of condemnation, which reconveyance may include property line adjustments, provided that said reconveyance is made within one year from the date of condemnation.
A conveyance to a municipality, Township, school district or county pursuant to acquisition by the municipality, Township, school district or county of a tax-delinquent property at a Sheriff's sale or Tax Claim Bureau sale.
A transfer for no or nominal actual consideration between principal and agent or straw party, or from or to an agent or straw party where, if the agent or straw party were his principal, no tax would be imposed under this article. Where the document by which title is acquired by a grantee or statement of value fails to set forth that the property was acquired by the grantee from, or for the benefit of, his principal, there is a rebuttable presumption that the property is the property of the grantee in his individual capacity if the grantee claims an exemption from taxation under this clause.
A transfer to a conservancy which possesses a tax-exempt status pursuant to § 501(c) of the Internal Revenue Code of 1954 [68A Stat. 3, 26 U.S.C. § 501(c)(3)] and which has as its primary purpose the preservation of land for historic, recreational, scenic, agricultural or open-space opportunities.
Except as excluded in § 141-14 hereof, documents which make, confirm or evidence any transfer or demise of title to real estate between associations or corporations and the members, partners, shareholders or stockholders thereof are fully taxable. For the purposes of this article, corporations and associations are entities separate from their members, partners, stockholders or shareholders.
Where real estate or an interest in real estate lying partly within the boundaries of Caln Township and partly without said boundaries is transferred, the tax herein imposed shall be calculated upon such portion of the value as shall be represented by the portion of the real estate or interest therein lying within the boundaries of the Township as determined by the realty transfer tax statement of value filed with the Recorder of Deeds or, if no such filing is required, by affidavit of the transferor or as separately stated in the document of transfer; provided, however, that such value shall in no event be less than the highest assessed valuation for local tax purposes placed upon the real estate or the interest in the real estate in the assessment of the property within the Township.
The tax imposed hereby, including any amount payable to the Township based on a redetermination of the amount of tax due by the Commonwealth of Pennsylvania pursuant to § 141-19.4 hereof, shall be collected by the Recorder of Deeds of Chester County, who shall act as agent for the Township in the collection of the transfer tax as provided in 16 P.S. § 11011-6, as amended. The tax thus collected shall be payable by the Recorder to the Treasurer of Caln Township at least monthly or at such other intervals as the Township and the Recorder of Deeds shall mutually determine.
In the event that a determination or redetermination of transfer tax due is made by the Pennsylvania Department of Revenue pursuant to § 1111-C of Act 1986-77, 72 P.S. § 8111-C, such determination or redetermination shall be deemed to have been also made by the Secretary of Caln Township, and there shall be due and owing to the Township, as additional transfer tax, the amount determined or redetermined by the Department to be due the Commonwealth of Pennsylvania.
The Secretary of Caln Township is hereby charged with the enforcement of the provisions of this article and is hereby authorized and empowered to prescribe, adopt and enforce rules and regulations relating to the registration and notation of transactions, the collection of transfer taxes, interest and penalties due hereunder, the prosecution of violations hereunder and any other matter pertaining to the administration and enforcement of the provisions of this article; provided, however, that the regulations which have been promulgated by the Pennsylvania Department of Revenue under 72 P.S. § 8101-C et seq., as the same are from time to time amended, are incorporated into and made a part of this article and shall be deemed to have been adopted by the Township Secretary.
If for any reason the transfer tax is not paid when due, interest at the rate of 6% per annum on the amount of said tax, and an additional penalty of 1/2 of 1% of the amount of the unpaid tax for each month or fraction thereof during which the tax remains unpaid, shall be added and collected. Where suit is brought for the recovery of any such tax, the person liable therefor shall, in addition, be liable for the cost of collection and the interest and penalties herein imposed.
The transfer tax, when due and unpaid, together with all interest and penalties thereon, shall be a lien in favor of the Township on the real estate or interest in the real estate which is described in the document on which the tax is imposed and upon any other property, both real and personal, of the person failing to pay the tax due after said lien has been entered and docketed of record by the Prothonotary of Chester County in accordance with the Municipal Claims and Tax Liens Law.[1]
Any person who violates any of the provisions of this section shall be guilty of a summary offense and shall be liable, upon conviction thereof, to a fine not exceeding $300, together with the cost of prosecution, and, in default of payment of such fine and cost, shall be liable to a term of imprisonment in the county jail for a period not to exceed 30 days.