The assessor shall provide to the finance director a list containing the full and fair cash valuation of each property class, and with the approval of the city council, annually determine the percentages of the tax levy to be appointed each class of property and shall annually apply tax rates sufficient to produce the proportion of the total tax levy.
History of Section.
P.L. 2000, ch. 30, § 1; P.L. 2000, ch. 39, § 1.