To provide funds for appropriations made in the annual budget and to pay other municipal expenses legally contracted, the Town Council shall levy an annual ad valorem tax on all real and personal property situated within the corporate limits of the town not specifically exempted from taxation by state law and also on property located elsewhere which state law authorizes to be taxed by the town.
(Prior Code, § 19-1) (Ord. passed 12-6-1976)
Statutory reference:
Municipal taxation generally, see S.C. Constitution, Art. X §§ 5(l), 5-7-30 and 5-21-110 et seq.