The annual County tax assessment for property situated within the corporate limits of the City is adopted as a basis for ad valorem tax levies ordered or approved by the Board of Commissioners, commencing on July 1, 1966, and each July 1 thereafter. The County tax assessment as finally determined for City tax properties as of the preceding January 1 shall serve as a basis of all City levies for the fiscal year commencing after the County assessment date.
(Ord. BG80-63, S11-26, 7/15/80; Ord. BG2002-13, 3/19/2002; Ord. BG2016-49, 1/3/2017)
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* State law reference: KRS 83A.150.
** State law reference: Cities authorized to adopt the County assessment valuation, KRS 132.285.