(A) Pursuant to the authority of KRS 132.285, the city does hereby elect to use the annual County assessment for property situated within the city as a basis for ad valorem taxes for the city effective January 1, 1999. The city shall notify the Revenue Cabinet and the Property Valuation Administrator of the intent to do so for calendar year 1999 and thereafter. The city shall also pay to the Property Valuation Administrator the appropriate fee for such.
(Ord. 98-727, passed 1-19-99)
(B) That for the purpose of providing revenue to pay the general operating expenses of the city each year there shall be levied an ad valorem tax at the rate set by ordinance on all property subject to taxation within the city.
(C) The tax as herein provided shall be levied on all real property within the city as of the first day of January each year and all franchises shall be subject to assessment and taxation for the city purposes unless exempted by the Constitution or the Statutes of Kentucky. Any franchise, granted in whole or in part of the city and exercised within said city, notwithstanding the corporation owning or exercising the same having its chief office or place of business elsewhere, shall be subject to said tax.
(Ord. 90-565, passed 7-17-90)
(D) The City Clerk shall, make out the tax bills for the tax assessed and levied herein, sign the bills and mail to the taxpayers for collection, informing them when the bills are due, payable and delinquent.
(Ord. 90-565, passed 7-17-90; Am. Ord. 98-727, passed 1-19-99)
Cross-reference:
Ad valorem tax rates for specific years, see T.S.O. XI