• ORDINANCE SUMMARY ORDINANCE NUMBER 27:2017

ORDINANCE SUMMARY ORDINANCE NUMBER 27:2017
An Ordinance of the
City of Morehead, Kentucky setting the real and personal property tax rates for 2017 was given first reading on Monday, September 11, 2017 and second reading on Monday October 9, 2017. Said Ordinance provides as follows:
The city tax rate for real property is fixed at 28.1 cents per one-hundred dollars ($100.00) of assessed valuation for the tax year 2017.
The city tax rate for personal property is fixed at 38.34 cents per one-hundred dollars ($100.00) of assessed valuation for the tax year 2017.
All taxes paid prior to December 1, 2017, shall be discounted at the rate of two percent (2%) of the tax bill; that all taxes paid on or after December 1, 2017 and prior to January 1, 2018 shall bear the net amount of the tax bill; and that all taxes not paid before January 1, 2018 shall bear a penalty of eight percent (8%) per annum. A property lien will be filed with the Office of the Rowan County Clerk against each property tax bill that remains unpaid as of April 15, 2018; the expense for the filing and release of said lien will be added to the property tax bill.
This Ordinance may be reviewed by any interested citizen(s) at the Administrative Offices Building, 314 Bridge Street, Morehead, Kentucky, Office of the City Clerk, Monday through Friday 8:00 a.m. to 4:30 p.m.
This is to certify that the foregoing is a true summary of the ordinance for the City of Morehead, Kentucky. This the 10th day of October 2017. /s/ Joyce Planck Stevens, City Attorney
Published: October 13, 2017
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PostedOctober 13, 2017