(A) (1) An ad valorem tax of $0.126 for each $100 worth of property is hereby levied on all lands, improvements, and personal property, tangible or intangible held or owned by any person, firm, company, corporation or association in his, hers, or its name or as fiduciary or agent and subject to taxation under the laws of the State of Kentucky, including all property and franchises herefore and hereafter assesses by the Gallatin County Property Valuation Administrator, Railroad Commission, State Tax Commission and State Board of Evaluation and Assessment. An ad valorem tax of $0.034 per $100 worth of personal property is hereby levied on all personal property.
(2) There is levied a tax of $0.034 on each $100 worth of unmanufactured products not in the hands of the producer, or in the hands of the agent of any producer in the City of Warsaw, Kentucky.
(3) All of such taxes shall be paid to the Treasurer of the City of Warsaw, Kentucky.
(4) The aforementioned ad valorem tax is levied for the purpose of paying officers and employees of the City of Warsaw expenses of the Fire Department, street repairs, construction and reconstruction of streets, as well as the current expenses of the City of Warsaw, Kentucky and shall be known as the general fund for the purpose of paying all legal claims arising from the City of Warsaw, Kentucky.
(B) All taxes are due by December 31, 2022. All unpaid taxes as of January 1, 2023 shall become delinquent and a penalty of 10% will be added to the tax bill plus 1% per month interest until paid.
(C) The tax liability imposed herein shall be based upon the assessed value of the property owned by the taxpayer on January 1, 2022, or as determined by the Gallatin County Property Valuation Administrator.
(D) Each taxpayer shall be liable for all taxes imposed on the basis of the property owned by the taxpayer on January 1, 2022.
(Ord. 1997-19, passed 9-8-97; Am. Ord. 1998-006, passed 9-14-98; Am. Ord. 2000-0009, passed 9-11-00; Am. Ord. 2001-0006, passed 8-27-01; Am. Ord. 2002- , passed 1-1-02; Am. Ord. 2003- 0003, passed 9-8-03; Am. Ord. 2004-0004, passed 9-13-04; Am. Ord. 2005-09, passed 9-12-05; Am. Ord. 2006-09, passed 9-11-06; Am. Ord. 2007-07, passed 8-27-07; Am. Ord. 2008-07, passed 9-15-08; 2009-02, passed 9-14-09; Am. Ord. 2010-06, passed 8-16-10; Am. Ord. 2011-06, passed 9-21-11; Am. Ord. 2012-09, passed 9-10-12; Am. Ord. 2013-09, passed 9-23-13; Am. Ord. 2014-05, passed 9-8-14; Am. Ord. 2015-07, passed 8-11-15; Am. Ord. 2016-03, passed 9-4-16; Am. Ord. 2017-03, passed 9-11-17; Am. Ord. 2018-094, passed 9-10-18; Am. Ord. 2019-06, passed 9-9-19; Am. Ord. 2020-06, passed 9-16-20; Am. Ord. 2021-07, passed 9-13-21; Am. Ord. 2022-05, passed 8-18-22)