HomeMy WebLinkAbout1057 09-10-1991ORDINANCE NO. 1057
AN ORDINANCE ADOPTING A TAX RATE FOR THE CITY
OF EULESS FOR THE YEAR 1991; PROVIDING FOR
CERTAIN EXEMPTIONS THERETO; PROVIDING FOR
PUBLICATION AND AN EFFECTIVE DATE.
MUMS, on August 27, 1991, the Euless City Council held a public hearing on a
proposal to set a tax rate for the year 1991; and due notice of such meeting was
published according to law; and
MUMS, all citizens and interested persons were given an opportunity to be
heard regarding the proposed tax rate; and
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MW the official tax rate for the City of Euless for the calendar year 1991 be
and the same is hereby adopted by the Euless City Council as hereinafter set
forth.
MMT there shall be and there is hereby levied the following taxes on each one
hundred dollars ($100.00) valuation on all taxable property within the City of
Euless, Texas, to be assessed and collected by the Tax Assessor and Collector
for the year, and collected for the purposes hereinafter stipulated, to -wit:
(a) Fbr the General Fund levied on $100 valuation . . . . . $ .42488
(b) Ebr the Interest and Sinking Fund levied on the
$100 valuation . . . . . . . . . . . . . . . . . . . . $ .14372
Total Levy . . . . . . . . . . . $ .56860
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TEAT there shall
be exempted
from the valuation of all
residential homesteads
for which proper
application
shall have been made, an
amount equal to
twenty
percent (20 %) of
the assessed
value of such residential
homestead. The
exemp-
tion shall be granted to any such residential homestead
and improvements
quali-
fying for same as
provided by
law.
ypMY 1.
There shall be exempted the sums of thirty thousand dollars ($30,000.00) of the
assessed value of residence homesteads of residents of the City of Euless,
Texas, who are sixty -five (65) years of age or older, from all ad valorem taxes
thereafter levied by such City.
Vj •
TMT the taxes assessed and levied hereby are due and payable on October 1, and
shall be payable riot later than January 31. The penalties and interest provided
for shall accrue after this date. However, if the entire taxes due are paid in
full by January 31, no penalty or interest shall be due.
144
7MT in addition to the taxes assessed and levied herein, there is also assessed
and levied a penalty for the failure to pay taxes due as state law describes.
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MW in addition to the taxes and penalty and interest assessed and levied
herein, there is also assessed and levied a 15% collection fee on all taxes and
penalty and interest that become delinquent and remain unpaid on July 1.
Effective Date. This ordinance shall be in full force and effect and after its
passage as provided by the Euless City Curter and the laws of the State of
Texas.
PIamffl M AND GIVEN FIRST RFADIID at a regular meeting of the Euless City
Council on the 27 day of August 27, 1991, by a vote of 4 ayes, 1 nays,
and 0 abstentions.
GIVEN SEC= AND FINAL READING at a regular meeting of the Euless City Council
on the 10th day of Spptembpr 1991, by a vote of 5 ayes, 0 nays,
and 0 abstentions.
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AS TO
Bob McFarland, City Attorney
Ordinance No. 1057, Page 2 of 2