Lexington-Fayette Urban County Government - File #: 0829-23

• File #: 0829-23
• Version: 1
• Name: Walk on - Ad Valorem
• Type: Ordinance
• Status: Amended
• File created: 8/15/2023
• In control: Urban County Council
• On agenda: 8/31/2023
• Final action: 8/31/2023
• Enactment date: 8/31/2023
• Enactment #: O-093-2023
• Title: An Ordinance levying ad valorem taxes for municipal purposes for the fiscal year July 1, 2023 through June 30, 2024, on the assessed value of all taxable property within the taxing jurisdictions of the Lexington-Fayette Urban County Government (all taxes on each $100.00 of assessed valuation as of the January 1, 2023 assessment date), as follows: General Services District, $.076 on real property, including real property of public service companies, $.0891 on personal property, including personal property of public service companies, noncommercial aircraft, and noncommercial watercraft, $.150 on insurance capital, $.015 on tobacco in storage, and $.0450 on agricultural products in storage; Full Urban or Partial Urban Services Districts based on urban services available on real property, including real property of public service companies, $.139 for Refuse Collection, $.027 for Street Lights, $.009 for Street Cleaning, $.092 on insurance capital, $.015 on tobacco in storage, $.045 on agr...

Date	Ver.	Action By	Action	Result
8/31/2023	1	Urban County Council	Amended
8/31/2023	1	Urban County Council	Received First Reading	Pass
8/31/2023	1	Urban County Council	Approved	Pass
8/31/2023	1	Urban County Council	Suspended Rules for Second Reading	Pass
8/17/2023	1	Urban County Council	Received First Reading
8/15/2023	1	Urban County Council Work Session	Approved and Referred to Docket	Pass

title
An Ordinance levying ad valorem taxes for municipal purposes for the fiscal year July 1, 2023 through June 30, 2024, on the assessed value of all taxable property within the taxing jurisdictions of the Lexington-Fayette Urban County Government (all taxes on each $100.00 of assessed valuation as of the January 1, 2023 assessment date), as follows: General Services District, $.076 on real property, including real property of public service companies, $.0891 on personal property, including personal property of public service companies, noncommercial aircraft, and noncommercial watercraft, $.150 on insurance capital, $.015 on tobacco in storage, and $.0450 on agricultural products in storage; Full Urban or Partial Urban Services Districts based on urban services available on real property, including real property of public service companies, $.139 for Refuse Collection, $.027 for Street Lights, $.009 for Street Cleaning, $.092 on insurance capital, $.015 on tobacco in storage, $.045 on agricultural products in storage; abandoned urban property $1.00; and levying an ad valorem tax for municipal purposes at the rate of $.088 on each $100.00 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, 2024 assessment date. (Public Hearing on August 31, 2023 at 6:00 p.m.) [Council Office, Maynard]
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WHEREAS, pursuant to KRS 67A.850 and Charter Section 8.06 it is necessary to levy ad valorem taxes on all taxable property, other than motor vehicles and watercraft, within the taxing jurisdiction of the Lexington-Fayette Urban County Government as of the January 1, 2023 assessment date; and
WHEREAS, pursuant to KRS 132.0225 if a taxing district fails to establish a final tax rate within forty-five (45) days of certification by the Kentucky Revenue Cabinet of the assessment, the taxing district shall be required to use the compensating tax rate for that year's property t...