(1) Notwithstanding the tax rate set forth in Section 19-1301 or any other law to the contrary, the tax levied on any real property shall not be greater than one hundred four percent (104%) of the prior year's tax levy; provided that the property is owned by the same person who owned the property at the time of the prior year's tax levy.
Notes
| 258 | Added, Bill No. 020577 (approved December 5, 2002). Section 2 of the Ordinance provides: "This Ordinance shall be effective upon enactment of authorizing legislation by the General Assembly." No such authorization has been passed as of January 18, 2019. |