There shall be imposed, levied and collected by the city under KRS 92.070 through 92.520, 92.530, and 92.640, on each one hundred dollars ($100) valuation of real property, within the corporate limits of the city, liable for taxation, and not exempt from municipal taxation, under the laws of the Commonwealth and Constitution, as assessed by the County Tax Assessor, corrected by its Board of Supervisors, and returned to the City Council, a sum to be determined each year by the City Council on each one hundred dollars ($100) of property listed, valued, and corrected, as follows:
(A) For the General Revenue Fund, the sum determined yearly by City Council.
(B) The funds so realized, as herein provided, shall be used for no other purpose.
(Am. Ord. 1995-9-4, passed 10-12-95) Penalty, see § 10.99
Cross-reference:
See Table of Special Ordinances V for rates