(A) In accordance with KRS 132.285, the city hereby adopts all future assessments of the county valuation administrator for all property situated within the city as a basis for ad valorem taxes.
(B) As provided in KRS 132.285, the city does hereby appropriate, and will appropriate annually, funds for payment to the county valuation administrator for his services amounts up to two percent (2%) of the amount which is produced by the application of the city tax rate to the assessment value.
(1976 Code, § 2-4)
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Cross reference:
Ad valorem tax rates, see Tables of Special Ordinances, Table 9
Occupational license fees, see Ch. 61
Insurance company license fees, see Ch. 63