ORD 0169 - Laserfiche WebLink

Section 16. The assessment list, corrected as provided in the preceding section, shall be certified by the Clerk as being the ~ssessment Roll upon which town taxes are to be levied for the then current year. Section 17. On the second i~onday in September of each year the Town Council shall levy the tax to provide for raising the neces- sary revenue of the Town for the current fiscal ~ear, and shall by resolution fix the rate of taxes, designate the number of cents upon each one hundred dollars, using as a basis the value of proporty as it appears on the ~ssessment Roll for that year, which rate of taxation shall be sufficient to raise sufficient revenue estimated to be required to carry on the various depart- ments of the Town for the current year, not to exceed one dollar on each one hundred dollars of assessed valuation, and to pay the bonded or other indebtedness of the Town. ~blaving determined the whole rate to be levied, the Council shall then levy the tax to provide for raising the necessary revenue of the Town for the then current fiscal year which said fiscal year shall begin ~d th the first day of July of each year and shall end with the thirtieth day of June of the year next following. Section 18. When the assessments have been equalized and the tax has been levied as aforesaid, the Clerk shall enter in the ~ssessment Roll in a separate money column, the respective sums, in dollars and cents, so levied on each one hur~dred dollars valua- tion of taxable property (rejecting fractions of a cent) to be paid as a tax levied on the property enumerated, ~nd shall foot up the columns, showing the total value of property in the Town as corrected under the direction of the Board of Equalization, and the total amount of taxes; all of which shall be done and completed on or before the first ~..Tonday in October of each year. -8-