(A) The Council shall impose, by ordinance, an annual tax on all real estate and all personal property within the corporate limits, on all insurance companies and other corporations and the real estate of churches and school associations from which the church and school associations draw a revenue or which is intended to be rented out for such a purpose, except such as is exempt from taxation under the Constitution and laws of this state, as will yield an amount necessary for general fund operating purposes and for debt service requirements. Tax collection service is provided by Marlboro County.
(B) Any change in the tax shall be by ordinance.
(‘88 Code, § 8.201.1) (Am. Ord. passed 11-20-12)