A. Where there is a taxable transfer between co-owners, the real estate transfer tax shall be determined in accordance with section 3-3-7 of this chapter.

B. As to all other taxable transfers, the real estate transfer tax payable shall be one percent (1%) of the consideration.

C. The proceeds of the real estate transfer tax collected pursuant to this chapter shall be deposited in the general fund or any special fund or funds of the town as the town council shall determine from time to time. (Ord. 30, Series 2021)