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ORDINANCE NO. 90-9-4508
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,
\ 1990, THROUGH JUNE 30, 1991, WITH THE PURPOSES OF SAID TAXES THEREUNDER
V DEFINED ;/
BE IT ORDAINED BY THE CITY OF PADUCAH, KENTUCKY:
.SECTION 1. There is hereby levied for the period from
July 1, 1990, through June 30, 1991, upon all taxable real property
within the City of Paducah, Kentucky, subject to taxation for mu-
nicipal purposes, an ad valorem tax of Forty-five and 8/10 cents
($0.458) 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 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, 1990, through June 30, 1991, upon all taxable personal property
within the City of Paducah, Kentucky, subject to taxation for municipal
purposes, an ad valorem tax of Forty-nine cents ($0.490) 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 main-
taining and administering the government of the City of Paducah 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 3. There is hereby levied for said period an ad
valorem tax of Twenty-one ($0.21) Cents upon each one hundred dollars
($100.00) of the taxable value of the shares of stock of State Banks
and Trust Companies incorporated under the laws of this Commonwealth
and doing business in the City of Paducah, and the same tax is also
hereby levied upon the shares of stock of National Banks doing business
within the City.
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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 General Fund of the City to be expended as
provided in the budget ordinance for the period from July 1, 1990,
through June 30, 1991.
SECTION 5. There is also hereby levied for said period upon
each one hundred dollars ($100.00) assessed valuation of said taxable
real property a special ad valorem tax of One and 5/10 Cents ($0.015)
to be paid into and to become a part of the Appointive Employees'
Pension Fund, which fund shall be segregated and set apart for the
purposes defined in KRS 90.400 and the City Civil Service Ordinance
adopted on December 2, 1947, as amended.
SECTION 6. There is also hereby levied for said period upon
each one hundred dollars ($100.00) assessed valuation of said taxable
personal property a special ad valorem tax of One and 5/10 Cents
($0.015) to be paid into and to become a part of the Appointive Em-
ployees' Pension Fund, which fund shall be segregated and set apart for
the purposes defined in KRS 90.400 and the City Civil Service Ordinance
adopted on December 2, 1947, as amended.
SECTION 7. There is also hereby levied for said period upon
each one hundred dollars ($100..00) assessed valuation of said taxable
real property an ad valorem tax of Six -tenth of one Cent ($0.006) to be
deposited into a sinking fund for the purpose of paying and retiring
bonds which have been voted by the people of the City of Paducah, and
there is likewise levied for said period upon each one hundred dollars
($100.00) assessed valuation of said taxable property an ad valorem tax
of Eight -tenths of one Cent ($.0.008) to pay the interest on said
outstanding unpaid voted bonds.
Y SECTION 8. There is also hereby levied for said period upon
each one hundred dollars ($100.00) assessed valuation of -said taxable
personal property an ad valorem tax of Six -tenths of one.,Cent ($0.006)
to be deposited into a sinking fund for the purpose of paying and
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retiring bonds which have been voted by the people of the City of
Paducah, and there is likewise levied for said period upon each one
hundred dollars ($100.00) assessed valuation of said taxable property
an ad valorem tax of Eight -tenths of one Cent ($0.008) to pay the
interest on said outstanding unpaid voted bonds.
SECTION 9. 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 Five Cents ($0.050) for the purpose of
maintaining and operating the Public Library, pursuant to the provi-
sions of KRS 173.360, and the proceeds of said tax levy shall be paid
to the Board of Trustees of the Public Library.
SECTION 10. 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 provi-
sions of KRS 173.360, and the proceeds of said tax levy shall be paid
to the Board of Trustees of the Public Library.
SECTION 11. There is hereby further levied an ad valorem tax
of Three and 2/10 Cents ($0.032) on each one hundred dollars ($100.00)
of assessed valuation of all real property subject to taxation for
school purposes in said City for the period from July 1, 1990, through
June 30, 1991, 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 12. 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 for
school purposes in said City for the period from July 1, 1990, through
June 30, 1991, 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 13. The Board of Education of the City of Paducah,
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, 1990,
through June 30, 1991, an ad valorem tax of Fifty-eight and 4/10
rte, ($0.584) Cents on each one hundred dollars ($100.00) assessed valuation
of all real property subject to taxation for school purposes in the
City of Paducah for the support and maintenance of the public schools
of said City shall be collected by the City for the Board of Education.
SECTION 14. The Board of Education of the City of Paducah,
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, 1990,
through June 30, 1991, an ad valorem tax of Fifty-eight and 4/10 Cents
($0.584) on each one hundred dollars ($100.00) assessed valuation of
all personal property subject to taxation for school purposes in the
City of Paducah for the support and maintenance of the public schools
of said City shall be collected by the City for the Board of Education.
SECTION 15. The taxes levied under this ordinance are
summarized as follows:
PURPOSE
General Fund of the City
Real Property
Personal Property
Other Municipal Purposes:
Public Library
Real Estate
Personal Property
Appointive Employees' Pension Fund
Real Estate
Personal Property
RATE PER $100.00
$0.458
$0.490
$0.050
$0.050
$0.015
$0.015
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Voted Bonds:
Sinking.Fund for Retirement
Real Property - $0.006
Personal -Property $0.006
Interest
Real Property $0.008
Personal Property $0.008
SCHOOL PURPOSES:
Paducah Junior College
Real Estate $0.032
Personal Property $0.034
Total Tax Rate.per $100 - real property $0.569
Total Tax Rate per $100 - personal property $0.603
Special Levies for General.Fund•
Stocks of Banks and Trust Companies $0.21
SECTION 16. The City of Paducah shall collect the following
taxes for the Board of Education:
.Public Schools - General Fund & FSPK Property
Real Property $0.584
Personal Property $0.584
SECTION 17. 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 18. Property taxes levied -herein shall be due and
payable in the following manner:
The.first half payment shall be due on October 1, 1990, and
shall be payable without penalty and interest until Octo-
ber 31, 1990.
The second half payment shall be due on April 1, 1991, and
shall be payable without penalty and interest until April 30,
1991.
SECTION 19. This ordinance shall be read on two separate
days and will become effective upon publication of title and a
certified summary thereof.
GERRY B. MONTGOMERY
Mayor
Introduced by the Board of Commissioners September 18, 1990
Adopted by the Board of Commissioners September 25, 1990
Recorded by Lenita Smith, City Clerk, September 25, 1990
Published by The Paducah Sun October 1, 1990.
ORDNCE/Tax Rate
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