(A) Pursuant to the authority granted in KRS 132.285, the city hereby adopts the annual county assessment for all real and personal property situated within the city as the basis of all ad valorem tax levies ordered or approved by the City Commission.
(B) In the event that any change in the county assessment is made after the city tax bills have been prepared, any affected city tax bills shall be amended accordingly. Any additional taxes owing shall be due without penalty or interest within 60 days after the date of the amended bill; and any excess taxes shall be refunded without interest within 60 days after the date of the amended bill.
(Prior Code, § 36.03) (Ord. 3-1988, passed 9-8-1988)