The City taxes assessed shall become due on July 1st of each year, and the amounts assessed on any interest in real property shall become a lien upon such property at the time provided by the general tax laws of the State, and the lien for these amounts and for all interest and other charges shall continue until these sums are paid. All personal property taxes shall be a first lien, prior, superior, and paramount, upon all personal property of the persons assessed at the time provided by the general tax laws of the State and shall remain so until paid. These tax liens shall have precedence over all other claims, encumbrances, and liens upon the property, whether created by a security agreement, levy, judgement, or otherwise, and whether arising before or after the assessment of the personal property taxes. No transfer of personal property assessed for taxes shall operate to divest or destroy this lien except when such personal property is actually sold in the regular court of retail trade.
(Charter effective 1-1-77; Amendment effective 11-5-85)