KRS 67A.850: Taxing power.

Urban-county government may exercise ad valorem property taxing powers pursuant to

the Kentucky Constitution, Section 157, to the limits authorized therein for the class of

city to which the largest city in the county belonged on the day prior to the date the urban-

county government became effective. The taxing powers must be exercised by the urban -

county government consistent with the Kentucky Constitution, Section 172A, and KRS

132.010, 132.023, and 132.027. Provided, in no way will this section and KRS 6 7A.860

allow an urban-county government to increase the taxes of any district without the urban -

county government having first performed its obligations to provide services for such

increases. Within the privileges and limitations of this section, an urban -county

government may impose an additional ad valorem tax, not to exceed five cents ($0.05)

per one hundred dollars ($100), for the purpose of funding the purchase of development

rights program provided for under KRS 67A.845.