Chapter 10 General Taxation

Sec. 10.1 Power to tax; tax limit.

   The city shall have the power to assess taxes and levy and collect rents, tolls and excises. The annual ad valorem tax levy shall not exceed two per cent of the assessed valuation of all real and personal property subject to taxation in the city.

Sec. 10.2 Subjects of taxation.

   The subjects of ad valorem taxation for municipal purposes shall be the same as for state, county, and school purposes under the general law. Except as otherwise provided by the charter, city taxes shall be levied, collected and returned in the manner provided by statute.

Sec. 10.3 Exemptions.

   No exemptions from taxation shall be allowed except as expressly required or permitted by statute.

Sec. 10.4 Tax day.

   Subject to the exceptions provided or permitted by statute, the taxable status of persons and property shall be determined as of the 31st day of December, which shall be deemed the tax day.

Sec. 10.5 Personal property; jeopardy assessment.

   If the treasurer finds or reasonably believes that any person who is, or may be, liable for taxes upon personal property, the taxable situs of which was in the city on tax day, intends to depart from the city; or to remove therefrom personal property, which is, or may be, liable for taxation; or to conceal himself or his property; or to do other act tending to prejudice, or to render wholly or partly ineffectual[,] the proceeding to collect such tax, unless proceedings therefor be brought without delay, he shall proceed to collect the same as a jeopardy assessment in the manner provided by law.