(A) Pursuant to law and for the purposes of the tax levied hereunder upon the valuation of motor vehicles and watercraft so located within and under the taxing authority of the city, the City Council does for and on behalf of the city adopt the valuation and assessment made by the Commonwealth of Kentucky Revenue Cabinet or the Grant County Property Valuation Administrator, as the case may be, for all motor vehicles and watercraft covered by this section, and with such valuation and assessment so fixed and established.
(B) The city hereby levies a property tax at the rate and amount allowed by statute, regulation or law as of January 1 of each year, upon the valuation/assessment of each and every motor vehicle and watercraft within the incorporated limits of the city upon the date the herein property tax and the rate thereof is so hereby fixed and levied on and upon all covered motor vehicles and watercraft.
(C) The property tax levied under this section is to be collected, and thereafter remitted to the City of Dry Ridge, by the sheriff, county court clerk, or other offices or entities to whom such tax is paid, or collected from, or remitted by the taxpayer or taxpayer’s agent.
(D) The foregoing property tax hereby established, fixed and levied shall be due and payable to the city on the date established by statute applicable to motor vehicles and watercraft; and, if such tax be not paid when due, then any and all penalties, interest, costs and charges allowed to the city and the collecting entity, shall be added to the tax due, all for which the city shall have a lien for debt due and owing, and which the city, its agents and assigns may enforce, foreclose and collect by appropriate actions.
(Am. Ord. 503-1993, passed 9-20-93; Am. Ord. 519-1994, passed 9-12-94; Am. Ord. 532-1995, passed 10-2-95; Am. Ord. 544-1996, passed 9-9-96; Am. Ord. 567-1997, passed 10-6-97; Am. Ord. 580-1998, passed 9-14-98; Am. Ord. 595-1999, passed 9-13-99; Am. Ord. 609-2000, passed 9-11-00; Am. Ord. 618-2001, passed 10-10-01; Am. Ord. 629-2002, passed 9-3-02; Am. Ord. 661-2004, passed 9-2-04; Am. Ord. 675-2005, passed 8-12-05; Am. Ord. 696-2006, passed 8-21-06; Am. Ord. 717-2007, passed 9-17-07; Am. Ord. 733-2008, passed 9-22-08; Am. Ord. 747-2009, passed 9-14-09; Am. Ord. 755-2010, passed 9-20-10; Am. Ord. 762-2011, passed 9-12-11; Am. Ord. 770-2012, passed 9-10-12; Am. Ord. 779-2013, passed 8-19-13; Am. Ord. 788-2014, passed 9-8-14; Am. Ord. 799-2015, passed 9-8-15; Am. Ord. 821-2016, passed 9-12-16; Am. Ord. 837-2017, passed 9-5-17; Am. Ord. 852-2018, passed 9-4-18)