(a)
Each person, partnership, and corporation owning property within the limits of the city shall, between January 1st and May 1st of each calendar year, hand to the city assessor-collector a full and complete sworn inventory of the property possessed or controlled by him, her, or them within said limits of the said city on the 1st day of January of the current calendar year.
(b)
City taxes for the current year and following years shall be due and payable on October 1st of each calendar year, shall be paid on or before January 31st of the succeeding calendar year, and if not so paid shall be subject to such penalty and interest as may be fixed by ordinance.
(Ordinance 2-69 adopted 5/26/69)