A severance tax shall be levied against the removal of any or all natural resources allowed to be taxed by State law. This tax shall be based on a percentage, as determined by ordinance, of the gross value of the extracted resource. The gross value may be converted to a cents per ton, yard, or other unit of measure as appropriate.
There shall be a sales tax levied against the rental of overnight accommodations. This tax will be established by ordinance in accordance with State law.
It is the intent of this Charter that no new taxes will go into effect unless proposed by ordinance, ratified by a majority of the voters.
Any new taxes and the rate of levy of any new taxes or any increase in the rate of levy of any existing or future taxes will not take effect until ratified by a majority of the voters at an election. This restriction shall apply to all taxes levied by the borough including property taxes levied under Section 11.03.
The Assembly shall prescribe by ordinance the procedures for tax assessment and collection.
(Ord. 92-01 § 2)
Private leaseholds, contracts or interests in land or property owned or held by the United States, the State or other political subdivisions, shall be taxable to the extent of the fair market value of the private interests.
A property tax shall not be levied prior to a popular vote in which the majority of the voters approve the property tax.