Section 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.