For the purpose of providing revenue to pay the general operating expenses for the city there shall be levied a tax at the rate established annually by Council on each one hundred dollars ($100.00) of the assessed value of all property subject to taxation within the city, the rate having been determined in accordance with KRS 132.027.
(Ord. 5-85, passed 5-23-85)
Cross reference:
Ad valorem taxation rates, see T.S.O. VI