1976 - 07-06-76 Regular Meeting - Laserfiche WebLink

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BOOK S PAUE657 Section 24: There is hereby levied for the fiscal year ending June 30, 1977, a rate of 96 cents of taxes on each one hundred dollars ($100) assessed valuation of taxable property as listed as of January 1, 1976, for the purpose of raising revenues from current year's property tax as set forth in the foregoing estimates of revenue and in order to finance foregoing appropriations for the general expenses incident to the proper government of Lee County, North Carolina, and for the payment of maturing principal and interest on outstanding bonded debt of Lee County, North Carolina. Such rate is based on an estimated total appraised value of property for the purpose of taxation of $335,000,000 with an assessment ratio of 100% of appraised value, and an estimated collection rate of 90%. Section 25: There is hereby levied for the fiscal year ending June 30, 1977, the following: (A) A privilege license tax in the amount of $200 upon any person engaged in the practice of phrenology as defined and permitted to to be taxed under the provisions of G.S. 105-48; (B) A privilege license tax in the amount of $200 on any Gypsies or strolling bands of persons as defined and permitted to be taxe taxed under G. S. 105-58(b) who are granted the right to practice .~ch such artscandtcrafts under Chapter 766, Session Laws of 1955. Section 26: The taxes levied for the year 1974 will be distributed when collected to the various funds according to the original levy for the year involved. All taxes collected for years prior to 1974 will be distributed to the General Fund. Section 27: Copies of this Budget Ordinance shall be furnished to the Finance Officer of Lee County, North Carolina, to be kept on file for direction in the collection of revenues and expenditure of amounts appropriated. Adopted this the 6th day of July, 1976, by a roll call vote as follows: FOR: Cooper, Dotterer, Hancock, F. Wicker and G. Wicker AGAINST: None