§ 3.24.170. Administration—Allocation of collected funds.

A.

The county recorder shall administer this chapter and shall also administer any ordinance adopted by any city in the county pursuant to Part 6.7 (commencing with Section 11901) of Division 2 of the Revenue and Taxation Code imposing a tax for which a credit is allowed by this chapter.

B.

On or before the fifteenth day of the month the recorder shall report to the county auditor the amounts of taxes collected during the preceding month pursuant to this chapter and each such city ordinance.

C.

The auditor shall allocate and distribute quarterly such taxes, as follows:

1.

All moneys which relate to transfers of real property located in the unincorporated territory of the county shall be allocated to the county.

2.

All moneys which relate to transfer of real property located in a city in the county which imposes a tax pursuant to said Part 6.7 shall be allocated one-half to such city and one-half to the county.

3.

All money which relates to transfers of real property located in a city which imposes a tax on transfers of real property not in conformity with Part 6.7 shall be collected and allocated entirely to the county.

4.

All moneys which relate to transfer of real property in a city in the county which does not impose a tax on transfers of real property shall be allocated to the county.

(Ord. No. 1362, § 1, 9-20-2011)