(A) An ad valorem tax on real property and property of utility companies is levied.
(B) A special sanitation tax is assessed under KRS 82.095 on every residence within the city.
(C) These taxes shall be due and payable to the city as follows:
(1) July 15 through September 30, the discounted amount (5% discount off face amount);
(2) October 1 through October 31, the face amount;
(3) November 1 and thereafter, the face amount of total bill, plus 15% penalty, plus an additional 1% interest charge compounded per month starting November 1, when the tax bill becomes delinquent and collection of the taxes shall be made in the manner prescribed by law. Failure to pay the tax and penalty shall and will constitute a lien upon the property in question.
(D) The revenue from the taxes, interest and penalties shall be used for the general operating expenses of the city and for the general purposes for the city in the discharge of its municipal functions as ordained, resolved or directed by the City Council. Any surplus from said taxes shall go to the general operation fund of the city.
(Ord. 1, Series 2019-2020, passed 6-4-2019; Am. Ord. 1, Series 2020-2021, passed 6-2-2020)