Ordinance No. 05-02
Section 1. The City of Indian Hills does hereby elect to use the Jefferson County Property Valuation Administration tax assessment of all real estate located in the City as of January 1,2005 as the basis for ad valorem taxes for the City for the fiscal year ending June 30, 2006.
Section 2. An ad valorem tax for the fiscal year of the City ending June 30, 2006, is hereby levied and fixed at the rate of twenty cents ($0.20) on each $100 of all real estate assessed for taxation and subject to taxation by said City under assessment date of January 1, 2005, as made by the Jefferson County Property Valuation Administrator.
Section 3. The payment of tax bills shall be made to the City Treasurer and shall be subject to the discounts and penalties listed below and the collection remedies provided by law:
Section 4.. The proceeds of such taxes, penalties and interest are to be placed in the general fund of the City of Indian Hills and are to be used for the general operating purposes and expenses of the City such as the purchase of City supplies, purchase and maintenance of City property, street repair, garbage collection, police protection, and all other necessary and proper municipal functions as may be properly ordained or resolved by the City Council.
Section 5. This Ordinance shall take effect from and after its passage, signing and publication aa required by law.
/s/ Thomas O. Eifler, Sr.ATTEST:
Thomas O. Eifler, Sr., Mayor
/s/ Betty P. Guelich