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ORDINANCE NO. 2001-9-6416
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, 2001 THROUGH JUNE 30, 2002, 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, 2001, through
June 30, 2002, upon all taxable real property within the City of Paducah, Kentucky, subject to
taxation for municipal purposes, an ad valorem tax of thirty & 0/10 cents ($.300) 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, 2001, through
June 30, 2002, upon all taxable personal property, 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. The levy for the ad valorem tax on inventory, as historically defined
by the City of Paducah, Kentucky, shall be set at the rates adopted in Ordinance Number 98-1-
5795, pursuant to Section 157 of the State Constitution, to defray the cost of maintaining and
administering the government of the City of Paducah, Kentucky, 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 4. All taxes levied by Section 1, 2 and 3 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, 2001, through June 30, 2002.
SECTION 5. There is hereby further levied an ad valorem tax of two and 2/10
cents ($0.022) 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, 2001, through
June 30, 2002, 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.
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SECTION 6. There is hereby further levied an ad valorem tax of two and 2/10
cents ($0.022) 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, 2001, through June 30, 2002, 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 levy for the ad valorem tax on inventory, as historically defined
by the City of Paducah, Kentucky, shall be set at the specified rate per $100.00 of assessed
valuation 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, as follows:
LEVY PER $100 FOR THE LEVY PER $100 ABOVE
FIRST $10,000,000 OF $10,000,000 OF ASSESSED
TAX YEAR ASSESSED VALUATION VALUATION
2001-2002 $.006 $.006
2002-2003 $.000 $.000
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 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, 2001, through June 30, 2002, an ad valorem tax of
sixty cents ($0.600) 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 µ
maintenance of the public schools of said City shall be collected by the City for the Board of
Education.
SECTION 9. 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, 2001, through June 30, 2002, an ad valorem tax of
sixty & 3/10 cents ($0.603) 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 10. The taxes levied under this ordinance are summarized as follows:
PURPOSE RATE PER
$100.00
GENERAL FUND OF THE CITY:
Real Property $0.300
Personal Property (except inventory) $0.390
Inventory (up to and including $10,000,000 AV) $0.070
Inventory (over $10,000,000 AV) $0.015
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SCHOOL PURPOSES:
PADUCAH JUNIOR COLLEGE
Real Estate $0.022
Personal Property (except inventory) $0.022
Inventory $0.006
SECTION 11. The City of Paducah shall collect the following taxes for the Board
of Education:
PADUCAH INDEPENDENT SCHOOL DISTRICT
Real Property $0.600
Personal Property (including inventory) $0.603
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. Property taxes levied herein shall be due and payable in the
following manner:
The first half payment shall be due on November 1, 2001, and shall be payable
without penalty and interest until November 30, 2001.
The second half payment shall be due on February 1, 2002, and shall be payable
without penalty and interest until February 28, 2002.
SECTION 14. This ordinance shall be read on two separate days and will become
effective upon publication pursuant to KRS Chapter 424.
ATTEST:
Lenita Smith, City Clerk
Introduced by the Board of Commissioners September 11, 2001
Adopted by the Board of Commissioners September 25, 2001
Recorded by Lenita Smith, City Clerk, September 25, 2001
Published by The Paducah Sun, October 1, 2001
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