§ 40.01 CITY TO USE COUNTY ASSESSMENT; PAY FEE.

(A) The city shall use the annual Madison County assessment of property situated within the city as a basis of ad valorem tax levies ordered by the city.

(B) The city shall pay each year to the office of the Madison County Property Valuation Administrator the fee required by state law.

('79 Code, § 22-1) (Ord. 74-8, passed 4-16-74)

Statutory reference:

Power of city to use county tax assessments, see KRS 132.285

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