(A) The city hereby adopts January 1 of each year as the annual assessment date for all real property and improvements thereon and all personal property subject to ad valorem taxation by the city, and elects to use the annual assessment of the County Assessor as a basis for all city real property and personal property taxes.
(B) The provisions of this section shall not affect the fiscal year, tax levy date, and due and delinquency dates of ad valorem taxes in the city.
('77 Code, § 2-1) (Ord., passed 2-25-58)