Sec. 10-202. Personal Property Tax Rate

After the annual Budget and Appropriation Ordinance is adopted, the County Council, in the resolution establishing the tax rates on assessable real and personal property in the amounts required in the budget, may establish the rate of taxation on assessable personal property at a rate different than, but not less than, the rate imposed on assessable real property.

The rate of taxation established for assessable personal property shall not be greater than Three Dollars and fifty-seven cents ($3.57) per One Hundred Dollars ($100.00) of assessed valuation.