§ 1205. Imposition of taxes on deeds in the city of Mount Vernon. (a)
Notwithstanding any provision of law to the contrary, the local
governing body of the city of Mount Vernon, by the adoption and
amendment of local laws, ordinances or resolutions may impose in such
city and provide for the administration and collection of a tax on deeds
by which real property is conveyed in such city in the manner set forth
and as authorized in subdivision (b) of this section.

(b) There is hereby imposed in the city of Mount Vernon a tax on each
deed by which any real property is conveyed (measured by the
consideration or value of the interest or property conveyed) at a rate
not to exceed one percent of such consideration or value with respect to
all conveyances, provided that such city may allow deductions for any
liens on such interest or property and may also allow an exemption not
in excess of one hundred thousand dollars on the consideration or value
of the interest or property conveyed. Provided, further, that such taxes
shall not apply if the contract for any such conveyance was made prior
to September first, nineteen hundred eighty-four. Such taxes may be
imposed on any conveyance or transfer of real property or interest
therein by deed where the real property is located in such city
regardless of where transactions, negotiations, transfers of deeds or
other actions with regard to the transfer or conveyance take place,
subject only to the restrictions contained in section twelve hundred
thirty. The payment of, and the filing of a return relating to, any such
taxes may be required as a condition precedent to the recording of a
deed.