There is hereby assessed and imposed on every insurance company, corporation or other
insurer engaged in or carrying on the business of property insurance, as provided
by chapter 175, Florida Statutes, an excise or license tax amounting to one and eighty-five
hundredths (1.85) percent of the gross amount of receipts of premiums from policy
holders on all premiums collected on property insurance policies covering property
within the corporate limits of the city, as provided by chapter 175, Florida Statutes.