CITY OF PEWEE VALLEY, KENTUCKY
ORDINANCE #5, SERIES 2010
AN ORDINANCE ESTABLISHING THE TAX RATE FOR AD VALOREM TAXES ON REAL PROPERTY FOR THE FISCAL YEAR 2010-2011 IN THE CITY OF PEWEE VALLEY, KENTUCKY, AND THE LEVY OF AN AD VALOREM TAX THEREON FOR THE GENERAL OPERATION PURPOSES OF THE CITY FOR THE FISCAL YEAR JULY 1, 2010 TO JUNE 30, 2011.
WHEREAS, Pursuant to State Constitution and Statue the City of Pewee Valley, Kentucky, is authorized and empowered to provide a system for the assessment, levying and collection of all City taxes, including the tax rate, and the due and delinquent dates now therefore,
BE IT HEREBY ORDAINED BY THE CITY OF PEWEE VALLEY, KENTUCKY:
SECTION 1: The following provisions shall apply for the July 1, 2010 through June 30, 2011 fiscal year of the City of Pewee Valley.
SECTION 2: January 1, 2010 is hereby designated as the assessment date for all real and personal property subject to City taxation within the corporate limits of Pewee valley, Kentucky. The Oldham County Property Valuation Administrator shall make assessments of all property within the City as of such date. Upon certification by the Oldham County Property Valuation Administrator that the Kentucky Revenue Cabinet has certified his assessments, the Mayor shall cause the preparation of the bills, and be responsible for collection of same. Each tax bill shall show the property and the improvements thereon separately, and the name of the supposed owner or owners and the ad valorem tax rate and the tax due for the fiscal year. Provided, however, that pursuant to KRS 134.800, the Oldham County Court Clerk shall be responsible for collecting the taxes on motor vehicles and shall remit the taxes due to the tax collector for the City of Pewee Valley, as required by law.
SECTION 3: The tax collector shall add to the listing obtained from the Property Valuation Administrator’s Office any property, which was not included on, said list but which is subject to tax as of the valuation date.
SECTION 4: The City shall have the responsibility of collecting the taxes except in reference to motor vehicle taxes and all remittances shall be made to the tax collector as required by law. Collection of delinquent taxes shall be in the manner prescribed by law.
SECTION 5: The ad valorem and personal property tax rates for the fiscal year 2010-2011 is fixed at the rate of $0.1439 per hundred dollars ($100.00) valuation of property as assessed for taxation. Said tax shall be due as follows: through October 31, 2010, face amount, less a 10% discount for early payment; from November 1st to December 1, 2010, face amount of bill. After December 1, 2010, face amount of bill plus seven percent (7%) penalty, plus continuing interest thereon at the rate of one percent (1%) per month beginning January 1, 2011 until paid in full.
Additionally, delinquent accounts shall be subject to reimbursement by the taxpayer to the City of all cost of collection, including a reasonable attorney fee.
SECTION 7: The proceeds of such taxes are to be used for the general operating purposes of the City, all necessary capital expenditures and any other purposes as permitted by law.
SECTION 8: This Ordinance shall take effect from and after its passage and approved by the Town Council and publication as required by law.
First Reading: August 2, 2010
Second Reading: September 1, 2010
Passage and Approval: _ September 1, 2010
ATTEST:
___________________________
Laura Eichenberger, City Clerk
"Aye" Votes:
Carol Akers, Will Chambers,
Bethany Major, Amy Johnson
"Nay" Votes:
Dick Filippini