(A) The annual county tax assessment of the county for property situated within the corporate limits of the city as finally determined for county tax purposes be and the same is adopted by the city as a basis of all ad valorem tax levies ordered or approved by the Commission for the first fiscal year commencing after the county assessment date.
(B) The office of city assessor and city board of equalization of assessment are hereby abolished.
(C) The City Clerk is authorized each year to obtain a copy of the county assessment record which represents the assessment of property within the city and the city shall pay the cost of securing the copy.
(1980 Code, § 220.3-1)