HomeMy WebLinkAbout2021-09-8707ORDINANCE NO. 2021-09-8707
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, 2021 THROUGH JUNE 30, 2022, 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, 2021, through
June 30, 2022, upon all taxable real property within the City of Paducah, Kentucky, subject to
taxation for municipal purposes, an ad valorem tax of twenty seven and 1/10 cents ($.271) 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, 2021, through
June 30, 2022, 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, 2021, through June 30, 2022.
SECTION 4. There is hereby further levied an ad valorem tax of one and 6/10
cents ($0.016) 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, 2021, through
June 30, 2022, 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.
SECTIONS. There is hereby further levied an ad valorem tax of one and 6/10
cents ($0.016) 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, 2021, through June 30, 2022, 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 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, 2021, through June 30, 2022, 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, the Board of
Education budgets and levies the following taxes for the period from July 1, 2021, through June
30, 2022, an ad valorem tax of eighty-six and 4/10 cents ($0.864) 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, the Board of
Education budgets and levies the following taxes for the period from July 1, 2021, through June
30, 2022, an ad valorem tax of eighty-six and 4/10 cents ($0.864) 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
GENERAL FUND OF THE CITY:
Real Property
Personal Property (except inventory)
Motor Vehicles and watercraft
SCHOOL PURPOSES:
PADUCAH JUNIOR COLLEGE
Real Estate
Personal Property (except inventory)
Motor Vehicles and watercraft
RATE PER $100
$0.271
$0.390
$0.390
$0.016
$0.016
$0.031
SECTION 10. The City of Paducah shall collect the following taxes for the
Board of Education:
PADUCAH INDEPENDENT SCHOOL DISTRICT
Real Property $0.864
Personal Property (including inventory) $0.864
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 One
Thousand Dollars ($1,000.00), the payment shall be due on November 1,
2021, and shall be payable without penalty and interest until November
30, 2021.
(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, 2021, and shall be
payable without penalty and interest until November 30, 2021.
(b) The second half payment shall be due on February 1, 2022, and shall
be payable without penalty and interest until February 28, 2022.
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.
Bray, Mayor
ATTEST: !
mdsay Parish, City Jerk
Introduced by the Board of Commissioners September 14, 2021
Adopted by the Board of Commissioners September 28, 2021
Recorded by Lindsay Parish, City Clerk, September 28, 2021
Published by The Paducah Sun, September 30, 2021
ORD\FINANCE\Tax Rate FY2022