(A) Pursuant to authority granted by KRS Chapter 132, the city shall for the purposes of levy and assessment of property taxes adopt and use the annual county assessment for property situated within the city as a basis for ad valorem tax levies.
(B) The assessment as finally determined for county tax purposes shall serve the city as a basis of all city levies for the first fiscal year commencing after the county assessment date.
(C) The assessment dates for the city shall conform to the corresponding dates for the county and the time of January 1 is fixed for levying the city tax rate and the fiscal year is established as being from July 1 through June 30.
(Ord. 290, passed 12-21-56; Am. Ord. 745, passed 1-14-82)
Statutory reference:
Adoption of county assessment, see KRS 132.285
All general and ad valorem taxes due city each year hereafter shall be due and payable on July 1 of each year. If such taxes are not paid by December 1 each year, they shall be declared delinquent and a penalty of 10% thereof is assessed. If such taxes be not paid by January 1 of the year following their due date, interest at the rate of 6% per annum shall be added to the amount of the tax and the penalty.
(Ord. 442, passed 12-23-65; Am. Ord. 2002-1289, passed 9-26-02)
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