For purposes of levying and collecting ad valorem taxes on property, each of the services districts described in this Charter shall constitute a separate tax district within which the Merged Government shall levy and collect taxes in accordance with the kind, type, level, and character of the services provided by the Merged Government in each of the services districts. The initial rate of ad valorem taxation on property located within the General Services District shall be the same as that imposed by the County of Fayette on the date this Charter is put into effect. Except as otherwise provided in this Section, the initial rate of ad valorem taxation on property located within the Full Urban Services District shall be the same as that imposed on property located within the City of Lexington by the County of Fayette and the City of Lexington on the date this Charter is put into effect. The rate of ad valorem taxation on property located within any Partial Urban Services District created or established by the Merged Government Council shall be governed by the conditions and limitations imposed in Section 2.04 of this Charter.
In the event that any area or property located within the initial Full Urban Services District is not provided with one or more of the additional services covered under Section 2.06 of this Charter, the Council of the Merged Government shall reduce the rate of ad valorem taxation to a level commensurate with the kind, level, and type or character of services provided.