A tax is imposed for the purpose of police protection in the city at the rate of 0.05% of the value, as equalized or assessed by the State Department of Revenue, of all taxable property in the city for the first year in which this tax is levied, and at the rate of 0.075% of the value, as equalized or assessed by the Department, of all taxable property in the city in all succeeding years, in accordance with ILCS Ch. 65, Act 5, § 11-1-3.
(2000 Code, § 3.08.010)