§ V-1. Basic tax district.

Latest version.

The entire area of the municipality, the basic services area, shall constitute the basic tax district and all property, real and personal, therein shall be taxed at an annual rate determined by the common council to be sufficient to raise an amount equal to eighty-five percent (85%) of the total net tax revenue required in each yearly budget subject, however, to the provisions of section V-4 hereof.

                    
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