(A) Under KRS 132.285, the city elects to use the annual Kenton County assessment for property situated within the city as a basis of ad valorem tax levies ordered or approved by the City Council.
(B) For the purpose of providing revenue to pay the general operating expenses of the city, each year there shall be levied an ad valorem tax at the rate set by ordinance on all property subject to taxation within the city.
(Ord. 6, 2015, passed 5-11-2015; Ord. 12, 2018, passed 11-12-2018; Ord. 7, 2019, passed 8-12-2019; Ord. 5, 2020, passed 8-10-2020; Ord. 7, 2022, passed 8-8-2022; Ord. 8, 2023, passed 8-14-2023)