BE IT ORDAINED by the Town Board of Commissioners of the Town of Mocksville, North Carolina, that the following fund revenues and departmental expenditures together with certain restrictions and authorizations are adopted this 5th day of June, 2018.
SECTION III. TOTAL GENERAL AND UTILITY BUDGET
Total General and Utility Budget for 2018-2019 are balanced at $9,529,088.
SECTION IV. TAX RATE ESTABLISHED
An ad valorem tax rate of .29 per $100 at full valuation is hereby established as the official tax rate of Mocksville for the fiscal year 2018-2019.
(c) General Motor Vehicle Tax imposed; Scope
Each motor vehicle which is sited within the Town of Mocksville on January 1st, the required registration renewal date, or its first registration date, beginning with a tag renewal date of July 1, 2018, shall be subject to an annual general motor vehicle tax of ($30.00) dollars. The tax shall continue until rescinded in writing by the Town Board of Commissioners of the Town of Mocksville.