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There is imposed a tax of one-quarter of one percent of the selling price on each sale of real property within the corporate limits of the city. In addition to the first excise tax on the sale of real property imposed by this section, there is hereby imposed an additional excise tax on the sale of real property located within the corporate limits of the city of Auburn at the rate of one-quarter of one percent of the selling price as prescribed in RCW 82.46.060. (Ord. 4871 § 1, 1996; Ord. 3814 § 1, 1982.)