LEGAL NOTICE
CITY OF CAVE CITY KENTUCKY
ORDINANCE #16-08-08A
AN ORDINANCE ESTABLISHING THE PROPERTY TAX RATE FOR 2016 REAL AND TANGIBLE PERSONAL PROPERTY
Be it ordained by the CITY OF CAVE CITY, KY: SECTION I: An ad valorem tax of 15.4 cents per One Hundred Dollars ($100.00) of assessed valuation is hereby levied on all real property and intangible personal property having a taxing situs in Cave City, KY as of January 1, 2016
SECTION II: An ad valorem tax rate 12.65 cents per One Hundred Dollars ($100.00) of assessed value is hereby levied on all tangible personal property having a taxable situs in Cave City, KY as of January 1, 2016 SECTION III: Tax bills combined with the county tax bills shall be prepared and mailed to each taxpayer showing the amount of assessment, tax rate, and the total amount of taxes due, with calculations for discounts and penalties.
SECTION IV: Taxes, except for motor vehicle taxes, shall be paid to the office of the Sheriff of Barren Coun- ty, KY.
SECTION V: Taxes on motor vehicles shall be paid to the office of Barren County Court Clerk when billed. SECTION VI: A prepayment discount of two percent (2%) of the total taxes due and penalty for late payment of ten percent (10%) shall be applied in accordance with the schedule adopted by Barren County, KY., for discounts and penalties applicable to county and school taxes.
THIS ORDINANCE SHALL BE IN FULL FORCE AND EFFECT FROM AND AFTER ITS PROPER PASSAGE AND PUBLICATION AS REQUIRED BY LAW. ATTEST:
MAYOR DWAYNE HATCHER
JENNIFER FREEMAN, CLERk/TREASURER 1st Reading - 8/8/16
For 6 Against 0
2nd Reading - 8/17/16
For 6 Against 0