(A) An ad valorem tax is hereby assessed and levied for the fiscal year 2021-2022 against all real estate and all tangible personal property within the corporate limits of the city at the rate of $.201 on each $100 of valuation of real estate, and $.198 on personal property for each $100 of value as assessed July 1, 2021, to be collected as provided by law in the existing ordinances of the city.
(B) The assessed value of all personal property subject to division (A) shall be assessed at the value as finally determined by the Property Valuation Administrator of Kenton County, Kentucky.
(C) The ad valorem tax is levied to pay the general cost of carrying on the business of the government of the city, as provided in the adopted budget.
(Ord. 1439-1997, passed 9-23-97; Am. Ord. 1461-1999, passed 10-12-99; Am. Ord. 1473-2000, passed 10-10-00; Am. Ord. 1490-2001, passed 10-23-01; Am. Ord. 1504-2002, passed 10-8-02; Am. Ord. 1518- 2003, passed 9-23-03; Am. Ord. 1528-2004, passed 10-12-04; Am. Ord. 1552-2005, passed 9-27-05; Am. Ord. 1563-2006, passed 11-14-06; Am. Ord. 1572-2007, passed 10-9-07; Am. Ord. 1585-2008, passed 10- 14-08; Am. Ord. 1599-2009, passed 9-22-09; Am. Ord. 1611-2010, passed 9-28-10; Am. Ord. 1627-2011, passed 9-27-11; Am. Ord. 1639-2012, passed 9-25-12; Am. Ord. 1666-2013, passed 9-10-13; Am. Ord. 1683-2014, passed 9-9-14; Am. Ord. 1705-2015, passed 9-15-15; Am. Ord. 1741-2017, passed 9-12-17; Am. Ord. 1761-2018, passed 9-11-18; Am. Ord. 1777-2019, passed 9-10-19; Am. Ord. 1796-2020, passed 9-22-20; Am. Ord. 1805-2021, passed 9-21-21)