Section
37.01 Tax levy on property, real estate
37.02 Tax levy for police and firefighters
37.03 Special Mall Road improvement assessment tax
37.04 Billing and collection
37.05 Discount for early payment
37.06 Delinquent payments
37.07 Disposition of collected money
37.08 Recovery of unpaid taxes
37.09 Franchise tax
(A) A tax in an amount as established by City Council on an annual basis and based on each $100 of value as of January 1 of each year, is hereby levied upon all real and personal property (except for motor vehicles and watercraft) located within the corporate limits of the city; and on all personal estate or property except such tangible personal property as has an actual bona fide situs without the corporate limits of the city on the first day of January of each year; and upon all franchises taxable by the city. All of the taxes hereby levied are to be assessed in the manner provided by law.
(B) A tax in an amount established by City Council annually and based on each $100 of the fair cash value as of January 1 of each year on all shares of stock of all state banks and trust companies incorporated under the laws of this state and located within the corporate limits of the city is hereby levied. These taxes are to be assessed in the manner provided by law.
(Ord. O-26-89, passed 10-4-89; Am. Ord. O-25-90, passed 10-9-90; Am. Ord. O-36-91, passed 10-8-91; Am. Ord. O-28-92, passed 10-13- 92; Am. Ord. O-28-93, passed 10- 26-93; Am. Ord. O-27-94, passed 10-25-94; Am. Ord. O-18-95, passed 9-26-95; Am. Ord. O-18-96, passed 10-1-96; Am. Ord. O-19-97, passed 10-28-97; Am. Ord. 0-20-98, passed 10-13-98; Am. Ord. O-19-99, passed 9-28-99; Am. Ord. O-27-99, passed 12-14-99; Am. Ord. O-19-00, passed 10-10- 00; Am. Ord. O-15-01, passed 10-9-01; Am. Ord. O-19-01, passed 11-13-01; Am. Ord. O-22-02, passed 9-24-02; Am. Ord. O-21-03, passed 9-23-03; Am. Ord. O-26-04, passed 9-14-04; Am. Ord. O-21-05, passed 9-27-05; Am. Ord. O-24-06, passed 9-26-06; Am. Ord. O-20-07, passed 9-25-07; Am. Ord. O-16-12, passed 9-18-12; Am. Ord. O-11-13, passed 9-17-13; Am. Ord. 0-20-14, passed 9-16-14; Am. Ord. O-12-16, passed 9-13-16; Am. Ord. O-14-17, passed 9-12-17; Am. Ord. O-10-18, passed 9-4-18; Am. Ord. O-16-19, passed 9-3-19; Am. Ord. O-12-20, passed 9-15-20; Am. Ord. O-16-21, passed 9-14-21; Am. Ord. O-18-22, passed 9-13-22; Am. Ord. O-27-2023, passed 9-26-23; Am. Ord. O-17-2024, passed 9-17-24)
(A) Pursuant to KRS 78.530(3)(c), an annual tax in an amount established by City Council annually and based on each $100 of value as of January 1 of each year, is hereby levied upon all real and personal estate or property located within the corporate limits of the city; and on all personal estate or property (except for motor vehicles and watercraft) except such tangible personal property as has an actual bona fide situs without the corporate limits of the city on the first day of January of each year; and upon all franchises taxable by the city. All of these taxes hereby levied are to be assessed in the manner provided by law.
(B) This annual tax is levied for the purpose of payment of the city's obligation for current service costs for police and firemen in the county employees retirement system incurred after the date of participation by the city in the system. Funds, when collected, shall be used only for the purpose stated above.
(C) The tax levied in this section is a continuation of the tax which had been devoted to funding pension obligations under the locally administered Police and Fireman's Pension Fund of the city prior to participation in the system.
(Ord. O-26-89, passed 10-4-89; Am. Ord. O-25-90, passed 10-9-90; Am. Ord. O-36-91, passed 10-8-91; Am. Ord. O-28-92, passed 10-13-92; Am. Ord. O-28-93, passed 10-26-93; Am. Ord. O-27- 94, passed 10-25-94; Am. Ord. O-18-96, passed 10-1-96; Am. Ord. 0-20-98, passed 10-13-98; Am. Ord. O-15-01, passed 10-9-01; Am. Ord. O-22-02, passed 9-24-02; Am. Ord. O-21-03, passed 9-23-03; Am. Ord. O-26-04, passed 9-14-04; Am. Ord. O-21-05, passed 9-27-05; Am. Ord. O-24-06, passed 9-26-06; Am. Ord. O-20-07, passed 9-25-07; Am. Ord. O-16-12, passed 9-18-12; Am. Ord. O-11-13, passed 9-17-13; Am. Ord. O-15-15, passed 9-15-15; Am. Ord. O-14-17, passed 9-12-17; Am. Ord. O-10-18, passed 9-4-18; Am. Ord. O-16-19, passed 9-3-19; Am. Ord. O-12-20, passed 9-15-20; Am. Ord. O-18-22, passed 9-13-22; Am. Ord. O-17-2024, passed 9-17-24)
(A) Pursuant to this section and Ordinance O-46-73, a special Mall Road improvement assessment tax shall be levied against certain designated taxpayers in the amounts as set forth by City Council on an annual basis.
(B) The discount provided for in § 37.05 below does not apply to the special Mall Road assessment tax.
(Ord. O-26-89, passed 10-4-89; Am. Ord. O-25-90, passed 10-9-90; Am. Ord. O-36-91, passed 10-8-91; Am. Ord. O-28-92, passed 10-13-92; Am. Ord. O-18-96, passed 10-1-96)
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