Lexington-Fayette Urban County Government - File #: 0953-16

• File #: 0953-16
• Version: 1
• Name: Ad Valorem Property tax Agricultural Extension
• Type: Ordinance
• Status: Approved
• File created: 8/17/2016
• In control: Urban County Council
• On agenda: 8/30/2016
• Final action: 8/30/2016
• Enactment date: 8/30/2016
• Enactment #: O-152-2016
• Title: An Ordinance levying ad valorem taxes for purposes of support of the Agricultural Extension Office for the fiscal year July 1, 2016 through June 30, 2017, on the assessed value of all taxable real and personal property within the taxing jurisdiction of the Lexington-Fayette Urban County Government (all taxes on each $100 of assessed valuation as of the January 1, 2016 assessment date), as follows: $.0035 on all taxable real property, including real property of public service companies, $.0038 on taxable personal property, including personal property of public service companies, noncommercial aircraft, and noncommercial watercraft, and excluding inventory in transit, insurance capital, tobacco in storage, and agricultural products in storage; and levying an ad valorem tax for purposes of support of the Agricultural Extension Office at the rate of $.0032 on each $100 of assessed value on all motor vehicles and watercraft within the taxing jurisdiction of the Lexington-Fayette Urban Count...

Date	Ver.	Action By	Action	Result
8/30/2016	1	Urban County Council	Approved	Pass
8/18/2016	1	Urban County Council	Received First Reading
8/16/2016	1	Urban County Council Work Session

TITLE
An Ordinance levying ad valorem taxes for purposes of support of the Agricultural Extension Office for the fiscal year July 1, 2016 through June 30, 2017, on the assessed value of all taxable real and personal property within the taxing jurisdiction of the Lexington-Fayette Urban County Government (all taxes on each $100 of assessed valuation as of the January 1, 2016 assessment date), as follows: $.0035 on all taxable real property, including real property of public service companies, $.0038 on taxable personal property, including personal property of public service companies, noncommercial aircraft, and noncommercial watercraft, and excluding inventory in transit, insurance capital, tobacco in storage, and agricultural products in storage; and levying an ad valorem tax for purposes of support of the Agricultural Extension Office at the rate of $.0032 on each $100 of assessed value on all motor vehicles and watercraft within the taxing jurisdiction of the Lexington-Fayette Urban County Government as of the January 1, 2017 assessment date. [Div. of Budgeting, McGee] Public Hearing on August 30, 2016 at 5:00 p.m.
SUMMARY
BE IT ORDAINED BY THE COUNCIL OF THE LEXINGTON-FAYETTE URBAN COUNTY GOVERNMENT:
Section 1 - That for the purposes of support of the Agricultural Extension Office and the payment of its debts and expenses for the Fiscal Year July 1, 2016, through June 30, 2017, there be and hereby is levied an ad valorem tax on each $100.00 of assessed valuation as of the January 1, 2016 assessment date of all taxable real property within the taxing jurisdiction of the Lexington-Fayette Urban County Government, including real property of public service companies at the rate of $.0035; on taxable personal property, including personal property of public service companies, noncommercial aircraft, and noncommercial watercraft, and excluding inventory in transit, insurance capital, tobacco in storage, and agricultural products in storage, at the rate of $.0038...