§ 5.12.120. Personal property tax—Levied—Amount—Statutory authority.

All personal 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 Section 5.12.250 and the owner thereof shall be liable for payment of the tax. This shall not apply to property subject to a flat tax and exempted from the ad valorem tax in this chapter. The borough shall collect such tax as is levied on the property within a city by the city council pursuant to law and Charter.

(Ord. No. 2003-45, § 1, 4-6-04; Ord. No. 74-55, § 1(part), 1974; Ord. No. 22, § 2, 1966; Ord. No. 21, § 2, 1966; KPC § 25.05.055)

Editor's note

The provisions of Ord. No. 2003-45, § 1, adopted April 6, 2004, become effective Jan. 1, 2005.