(A) For the purposes of support of the government of the city and the payment of its debts and expenses, there has been and hereby levied ad valorem taxes on each $100 of the Fiscal Year 2024 assessed valuation of all taxable property within the taxing jurisdiction of the city as follows: Real property and personal property (personal property includes inventory, furniture and fixtures of business, including inventory held for resale and privately owned registered vehicles), including real and personal property of public service companies on the Department of Revenue assessed valuation.
Expense Type | Tax |
Bank deposit tax | .00025 |
Personal property | .290 |
Real property | .350 |
(B) (1) All ad valorem taxes on motor vehicles shall be collected by the County Clerk in accordance with KRS 134.800.
(2) Ad valorem taxes on motor vehicles shall become due and delinquent as set forth in KRS 134.810 and any taxes not paid by the date when they become delinquent shall be subject to the penalty and interest specified in KRS 134.810.
(Prior Code, § 36.04) (Ord. 2022-06, passed 8-30-2022; Ord. 2023-05, passed 9-26-2023)