(A) Pursuant to KRS Chapter 92, an ad valorem tax upon all tangible properties subject to taxation by the city, and assessed or to be assessed for taxes for general municipal purposes for the fiscal year beginning July 1, 2018, and ending June 30, 2019, be and is hereby levied and fixed at the rate of $.2297 on each $100 of assessed valuation on property listed and equalized for taxation.
(B) The foregoing ad valorem taxes are levied for the fiscal year on each $100 of assessed value of all lands, improvements, personal property in the city held or owned by every person, firm, company or corporation, in his, her, their or its right, or as fiduciary, guardian, trustee or agent, subject to municipal taxation under the laws of the State of Kentucky Revised Statutes and under all amendments thereto, including all property, franchise and privilege, heretofore or thereafter assessed for taxation by the County Property Valuation Administrator, the State of Kentucky Tax Commission and other assessing bodies, for taxation.
(C) All of the taxes hereby levied shall be due and payable on December 31, 2018.
(D) All taxes paid on or before November 30, 2018, shall be discountable at 2%. Taxes paid after December 31, 2018, but on or before January 31, 2018, shall bear a penalty of 2%. Taxes paid on or after February 1, 2019, shall bear a penalty of 6% until paid or until property of the delinquent has been sold for taxes. All accrued penalties shall be added to all delinquent taxes and be collected from the taxpayer when the taxes are paid.
(E) All funds and monies due to or received by the city during said fiscal year, shall be paid into the General Fund of the city, and all funds spent or expended by the city which are not specifically directed to be paid out of any special fund, or assessment shall be paid out of the General Fund of the city.
(Ord. 99-7, passed 9-16-99; Am. Ord. 00-5, passed 9-21-00; Am. Ord. 01-5, passed 9-20-01; Am. Ord. 02-6, passed 10-17-02; Am. Ord. 03-4, passed 10-16-03; Am. Ord. 04-3, passed 10-21-04; Am. Ord. 05-3, passed 11-16-05; Am. Ord. 06-4, passed 10-24-06; Am. Ord. 07-5, passed 10-18-07; Am. Ord. 08-7, passed 9-18-08; Am. Ord. 09-6, passed 9-17-09; Am. Ord. 10-6, passed 10-21-10; Am. Ord. 11-4, passed 10-20- 11; Am. Ord. 12-3, passed 10-18-12; Am. Ord. 13-4, passed 10-17-13; Am. Ord. 14-10. passed 10-16-14; Am. Ord. 15-5, passed 10-15-15; Am. Ord. 16-4, passed 10-18-16; Am. Ord. 17-6, passed 10-19-17; Am. Ord. 18-3, passed 10-25-18)