(A) An ad valorem tax of three mils (.003) is hereby levied upon all real and personal property within the town limits.
(B) Said ad valorem tax shall be due and payable on November 1 of each year, beginning November 1, 1973.
(C) Said ad valorem tax shall be computed on the basis of assessments annually made for county purposes by the Tax Assessor in and for the county.
(Ord. 3-73, passed 7-9-1973)