[R.O. 2006 § 130.120; CC 1985 § 14-1; Ord. No. 19, 1-19-1914]
All assessments of real and personal property within the City made by the Assessor and duly equalized shall be taken and considered as the lawful and proper assessment on which to levy and collect the municipal taxes of the City and all property, real, personal and mixed, within the corporate limits of the City on the first day of June of each year as by Statute provided, subject to taxation for State and County purposes, shall be subject to taxation for municipal purposes, except as otherwise provided by law, and except also such property upon which a merchant's license is paid.