HomeMy WebLinkAbout99-10-6124I
ORDINANCE NO. 99-10- 6 / 0,17
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, 1999 THROUGH JUNE 30, 2000, 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, 1999, through
June 30, 2000, 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, 1999, through
June 30, 2000, 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 Sections 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
C, General Fund of the City to be expended as provided in the budget ordinance for the period from
July 1, 1999, through June 30, 2000.
SECTION 5. There is also hereby levied for said period upon each one hundred
dollars ($100.00) assessed valuation of all real property within the city, subject to taxation for
general municipal purposes, an ad valorem tax of four and 0/10 cents ($0.040) for the purpose of
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maintaining and operating the Public Library, pursuant to the provision of KRS 173.360, and the
proceeds of said tax levy shall be paid to the Board of Trustees of the Public Library.
SECTION 6. There is also hereby levied for said period upon each one hundred
dollars ($100.00) assessed valuation of all personal property within the city, subject to taxation
for general municipal purposes, an ad valorem tax of five cents ($0.050) for the purpose of
maintaining and operating the Public Library, pursuant to the provision of KRS 173.360, and the
proceeds of said tax levy shall be paid to the Board of Trustees of the Public Library.
SECTION T There is hereby further levied an ad valorem tax of two and 9/10
cents ($0.029) 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, 1999, through
June 30, 2000, 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 school purposes.
SECTION 8. There is hereby further levied an ad valorem tax of three and 4/10
cents ($0.034) 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, 1999, through June 30, 2000, 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 school purposes.
SECTION 9. 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:
Tax Year Levy Per $100 for the First Levy Per $100 Above
$10,000,000 of Assessed $10,000,000 of
Valuation Assessed Valuation
1999-2000 $.018 $.015
2000-2001 $.012 $.012
2001-2002 $.006 $.006
2002-2003 $.000 $.000
SECTION 10. 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 and 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, 1999, through June 30, 2000, an ad valorem tax of
fifty nine & 0/10 cents ($0.590) 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.
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SECTION 11. 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, 1999, through June 30, 2000, an ad
valorem tax of fifty nine and 0/10 cents ($0.590) 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 12. 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) $0.210
Inventory (over $10,000,000) $0.015
OTHER MUNICIPAL PURPOSES:
PUBLIC LIBRARY
Real Estate $0.040
Personal Property (including inventory) $0.050
SCHOOL PURPOSES:
PADUCAH JUNIOR COLLEGE
Real Estate $0.029
Personal Property (except inventory) $0.034
Inventory (up to and including $10,000,000) $0.018
Inventory (over $10,000,000) $0.015
SECTION 13. The City of Paducah, Kentucky, shall collect the following taxes
for the Board of Education:
Public Schools - General Fund
Real Property $0.590
Personal Property (including inventory) $0.590
SECTION 14. 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 15. Property taxes levied herein shall be due and payable in the
following manner:
The first half payment shall be due on November 1, 1999, and shall be payable
without penalty and interest until November 30, 1999.
The second half payment shall be due on February 1, 2000, and shall be payable
without penalty and interest until February 29, 2000.
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SECTION 16. This ordinance shall be read on two separate days and will become
effective upon publication pursuant to KRS Chapter 424.
ATTEST:
eni a Smith, City Clerk
Introduced by the Board of Commissioners September 28, 1999
Adopted by the Board of Commissioners October 1999
Recorded by Lenita Smith, City Clerk, October �, 1999
Published by The Paducah Sun, K) cit, l q
Mayor
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