(A) The annual business license tax fee for owners and/or operators of rental property within the city is calculated based on the total gross receipts for all of the owners and/or operators rental property located in the city with the appropriate license tax as indicated on the rental property tax schedule as indicated in division (B) below.
(B) Rental property tax schedule.
Total Gross Receipts | License Tax |
Total Gross Receipts | License Tax |
$0 to $9,999.99 | $25 |
$10,000 to $24,999.99 | $50 |
$25,000 to $99,999.99 | $100 |
$100,000 to $199,999.99 | $150 |
$200,000 to $299,999.99 | $200 |
$300,000 to $399,999.99 | $250 |
$400,000 to $499,999.99 | $300 |
$500,000 to $699,393.99 | $350 |
$700,000 to $999,999.99 | $500 |
$1,000,000 to $2,999,999.99 | $750 |
$3,000,000 to $4,999,999.99 | $1,000 |
$5,000,000 and over | $1,500 |
(Ord. 11-0701, passed 8-2-2011)