Increases the tax on deeds in the city of Mount Vernon

This bill increases the city of Mount Vernon's tax on deeds (the fee paid when buying or selling property) from its previous rate to 1.5% of the property's value. It directly affects anyone buying, selling, or transferring real property within Mount Vernon, including homebuyers and sellers. The tax applies to all property conveyances (transfers) regardless of where negotiations occur, with a $100,000 exemption on the property value and no tax for deals finalized before September 1, 1984. The bill amends existing tax law to set this new rate and requires payment before a deed can be recorded.