§ 5.12.010. Levied—Amount—Statutory authority.

A.

All real property within the corporate limits of the borough which is not exempt from taxation by law or ordinance is subject and liable to an annual tax, for school and borough purposes, of not more than 8 mills on the assessed valuation of such property, unless the people of the borough by referendum authorize a tax levy at a higher rate and except as authorized by § 5.12.250 of the code. The borough shall collect such tax as is levied on the property within a city by the city council pursuant to law and Charter.

B.

Real property taxes shall be assessed and levied against the owner of the surface estate without regard to the value of subsurface mineral rights. Separate ownership of unexploited subsurface mineral rights may be established either by the granting of an express conveyance of such subsurface rights or by the reservation from conveyance of such subsurface rights by deed or other instrument of conveyance.

(Ord. No. 82-65, § 1, 1982; Ord. No. 74-55, § 1(part), 1974; Ord. No. 22, § 1, 1966; Ord. No. 21, § 1, 1966; KPC § 25.05.05)