HomeMy WebLinkAbout2007-9-73404.: 405
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ORDINANCE NO. 2007-9-7340 CO
AN ORDINANCE FIXING THE LEVIES AND RATES OF TAXATION ON
ALL PROPERTY IN THE CITY OF PADUCAH, KENTUCKY, SUBJECT TO TAXATION
FOR MUNICIPAL PURPOSES AND FOR SCHOOL PURPOSES FOR THE PERIOD FROM
JULY 1, 2007 THROUGH JUNE 30, 2008, WITH THE PURPOSES OF SAID TAXES
HEREUNDER DEFINED
BE IT ORDAINED BY THE CITY OF PADUCAH, KENTUCKY:
SECTION 1. There is hereby levied for the period from July 1, 2007, through
June 30, 2008, upon all taxable real property within the City of Paducah, Kentucky, subject to
taxation for municipal purposes, an ad valorem tax of twenty five cents ($.250) upon each one
hundred dollars ($100.00) assessed valuation of said property, pursuant to Section 157 of the
State Constitution, to defray the cost of maintaining and administering the government of the
City of Paducah, Kentucky, for said period, exclusive of the levies hereinafter mentioned and
defined, and the proceeds of said tax levy shall be paid into the General Fund of the City.
SECTION 2. There is hereby levied for the period from July 1, 2007, through
June 30, 2008, upon all taxable personal property including motor vehicles and watercraft, except
for inventory, within the City of Paducah, Kentucky, subject to taxation for municipal purposes,
an ad valorem tax of thirty-nine cents ($0.390) upon each one hundred dollars ($100.00) assessed
valuation of said property, pursuant to Section 157 of the State Constitution, to defray the cost of
maintaining and administering the government of the City of Paducah, Kentucky, for said period,
exclusive of levies hereinafter mentioned and defined, and the proceeds of said tax levy shall be
paid into the General Fund of the City.
SECTION 3. All taxes levied by Section 1 and 2 of this ordinance are necessary
and required in order to provide revenue to meet the requirements of the budget ordinance
adopted by the Board of Commissioners, and the proceeds of such tax levies and all other
revenue of the City not specifically allocated to other purposes shall be deposited into the
General Fund of the City to be expended as provided in the budget ordinance for the period from
July 1, 2007, through June 30, 2008.
SECTION 4. There is hereby further levied an ad valorem tax of one and 8/10
cents ($0.018) on each one hundred dollars ($100.00) of assessed valuation of all real property
subject to taxation for municipal purposes in said City for the period from July 1, 2007, through
June 30, 2008, for the purpose of aiding, assisting and maintaining Paducah Junior College,
` which tax shall be and the same is hereby declared to be a tax for municipal purposes.
SECTION 5. There is hereby further levied an ad valorem tax of one and 8/10
cents ($0.018) on each one hundred dollars ($100.00) of assessed valuation of all personal
property subject to taxation, except for inventory, for municipal purposes in said City for the
period from July 1, 2007, through June 30, 2008, for the purpose of aiding, assisting and
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College, which tax shall be and the same is hereby declared to be a
SECTION 6. There is hereby further levied an ad valorem tax of three and 1/10
cents ($0.031) on each one hundred dollars ($100.00) of assessed valuation of all motor vehicles
and watercraft property subject to taxation for municipal purposes in said City for the period
from July 1, 2007, through June 30, 2008, for the purpose of aiding, assisting and maintaining
Paducah Junior College, which tax shall be and the same is hereby declared to be a tax for
municipal purposes.
SECTION 7. The Board of Education of the City of Paducah, Kentucky, pursuant
to the authority vested in it under its charter and under the laws of the Commonwealth of
Kentucky has adopted a resolution and budget levying an ad valorem tax on all real property in
said City subject to taxation for school purposes. Pursuant to said resolution, budget and levy the
following taxes for the period from July 1, 2007, through June 30, 2008, an ad valorem tax of
sixty seven & 2/10 cents ($0.672) on each one hundred dollars ($100.00) assessed valuation of
all real property subject to taxation for school purposes in the City of Paducah, Kentucky, for the
support and maintenance of the public schools of said City shall be collected by the City for the
Board of Education.
SECTION 8. The Board of Education of the City of Paducah, Kentucky, pursuant
to the authority vested in it under its charter and under the laws of the Commonwealth of
Kentucky has adopted a resolution and budget levying an ad valorem tax on all personal property
in said City subject to taxation for school purposes. Pursuant to said resolution, budget and levy
the following taxes for the period from July 1, 2007, through June 30, 2008, an ad valorem tax of
sixty nine & 5/10 cents ($0.695) on each one hundred dollars ($100.00) assessed valuation of all
personal property subject to taxation for school purposes in the City of Paducah, Kentucky, for
the support and maintenance of the public schools of said City shall be collected by the City for
the Board of Education.
SECTION 9. The taxes levied under this ordinance are summarized as follows:
PURPOSE
RATE PER
$100.00
GENERAL FUND OF THE CITY:
Real Property
$0.250
Personal Property (except inventory)
$0.390
Motor Vehicles and watercraft
$0.390
SCHOOL PURPOSES:
PADUCAH JUNIOR COLLEGE
Real Estate $0.018
Personal Property (except inventory) $0.018
Motor Vehicles and watercraft $0.031
of Education:
SECTION 10. The City of Paducah shall collect the following taxes for the Board
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PADUCAH INDEPENDENT SCHOOL DISTRICT
Real Property
Personal Property (including inventory)
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$0.672
$0.695
SECTION 11. Property taxes levied herein shall be due and payable in the
following manner:
(1) In the case of tax bills which reflect an amount due of less than Three
Hundred Dollars ($300.00), the payment shall be due on November 1,
2007, and shall be payable without penalty and interest until November 30,
2007.
(2) In the case of all other tax bills, payment shall be in accordance with the
following provisions:
(a) The first half payment shall be due on November 1, 2007, and shall be
payable without penalty and interest until November 30, 2007.
(b) The second half payment shall be due on February 1, 2008, and shall
be payable without penalty and interest until February 29, 2008.
SECTION 12. The provisions of this ordinance are severable. If any provision,
section, paragraph, sentence or part thereof shall be held unconstitutional or invalid, such
decision shall not affect or impair the remainder of this ordinance, it being the legislative intent
to ordain and enact each provision, section, paragraph, sentence and part thereof separately and
independent of each other.
SECTION 13. This ordinance shall be read on two separate days and will become
effective upon summary publication pursuant to KRS Chapter 424.
ATTEST:
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Tammara Brock, City Clerk
Introduced by the Board of Commissioners, September 11, 2007
Adopted by the Board of Commissioners, September 25, 2007
Recorded by Tammara S. Brock, City Clerk, September 25, 2007
Published by The Paducah Sun, October 3, 2007
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