LEGAL NOTICE
CITY OF CAVE CITY KENTUCKY
ORDINANCE #16-08-08B
AN ORDINANCE ASSESSING AND LEVYING A PROPERTY TAX ON MOTOR VEHICLES AND BOATS HAVING A SITUS IN THE CITY OF CAVE CITY, KY. FOR 2017 Be it ordained by the CITY OF CAVE CITY, Kentucky:
SECTION I: There is hereby levied an ad valorem tax of 17.87 cents per One Hundred Dollars ($100.00) of the assessed valuation of motor vehicle and boats having a situs in the CITY OF CAVE CITY, KY., as of the first day of January 2017 and for each year thereafter as listed in the tax Assessment Ledger compiled by the Property Valuation Administrator of Barren County.
SECTION II: All monies collected from the tax levied in this Ordinance shall be paid into the general fund of the CITY OF CAVE CITY to be used for the payment of proper expenditures as determined by the City Council of the CITY OF CAVE CITY, KY.
SECTION III: In accordance with KRS 132.487 and KRS 134.800 to 134.820 and such other applicable statutes, the aforesaid tax shall be assessed under a centralized tax system, and collected by the Clerk of Barren County. It is further provided that for the collec-tion of this tax on behalf of the CITY OF CAVE CITY, the clerk of the county shall be paid four percent (4%) of monies collected on vehicle taxes. Payment to the City by the Clerk shall be governed by KRS 134.815 and other applicable statutes.
SECTION IV: If any part of this Ordinance shall be declared invalid, such shall not affect the remainder of the ordinance. All ordinances in conflict herewith are hereby repealed to the extent of such conflict. 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