CHAPTER 112:
GENERAL TAXATION
CHAPTER 112: GENERAL TAXATION
Section
112.01 County assessment adopted
112.02 Due date; payment
112.03 Delinquency
112.04 Disposition of funds
§ 112.01 COUNTY ASSESSMENT ADOPTED.
(A) Pursuant to the authority granted in KRS 132.285, the city hereby adopts the annual Henry County assessment for all real and personal property situated within the city as the basis of all ad valorem levies ordered or approved by the City Commission.
(B) The assessment as finally determined for county tax purposes shall serve as the basis for all city levies for the fiscal year commencing after the assessment date.
§ 112.02 DUE DATE; PAYMENT.
(A) Taxes shall become due on December 1.
(B) Any taxpayer who pays his city taxes before December 1 after they become due shall be entitled to a 2% discount thereon, and the City Clerk-Treasurer/Tax Collector shall allow the discount and give a receipt in full to the taxpayer.
§ 112.03 DELINQUENCY.
(A) City taxes shall become delinquent on January 1 following their due dates.
(B) Any taxes not paid by the date when they become delinquent shall be subject to a penalty of 10% on the taxes due and unpaid. The delinquent taxpayer shall also pay all costs and expenses incidental to any action taken by the city for collection of the delinquent tax bill.
(C) Delinquent taxes shall be collectable under the provisions of the state law relating to the collection of delinquent taxes.
_______________________
Statutory reference:
Manner of assessment, levy, and collection in cities of the sixth class, see KRS 92.540
§ 112.04 DISPOSITION OF FUNDS.
All monies collected from the taxes levied in this chapter shall be paid into the General Fund of the city to be used for the payment of proper expenditures as determined by the City Commission.
Section
112.01 County assessment adopted
112.02 Due date; payment
112.03 Delinquency
112.04 Disposition of funds
§ 112.01 COUNTY ASSESSMENT ADOPTED.
(A) Pursuant to the authority granted in KRS 132.285, the city hereby adopts the annual Henry County assessment for all real and personal property situated within the city as the basis of all ad valorem levies ordered or approved by the City Commission.
(B) The assessment as finally determined for county tax purposes shall serve as the basis for all city levies for the fiscal year commencing after the assessment date.
§ 112.02 DUE DATE; PAYMENT.
(A) Taxes shall become due on December 1.
(B) Any taxpayer who pays his city taxes before December 1 after they become due shall be entitled to a 2% discount thereon, and the City Clerk-Treasurer/Tax Collector shall allow the discount and give a receipt in full to the taxpayer.
§ 112.03 DELINQUENCY.
(A) City taxes shall become delinquent on January 1 following their due dates.
(B) Any taxes not paid by the date when they become delinquent shall be subject to a penalty of 10% on the taxes due and unpaid. The delinquent taxpayer shall also pay all costs and expenses incidental to any action taken by the city for collection of the delinquent tax bill.
(C) Delinquent taxes shall be collectable under the provisions of the state law relating to the collection of delinquent taxes.
_______________________
Statutory reference:
Manner of assessment, levy, and collection in cities of the sixth class, see KRS 92.540
§ 112.04 DISPOSITION OF FUNDS.
All monies collected from the taxes levied in this chapter shall be paid into the General Fund of the city to be used for the payment of proper expenditures as determined by the City Commission.
