HomeMy WebLinkAbout1095 09-22-1992ORDINANCE NO. 1095
AN ORDINANCE ADOPTING A TAX RATE FOR THE CITY
OF EULESS FOR THE YEAR 1992; PROVIDING FOR
CERTAIN EXEMPTIONS THERETO; PROVIDING FOR
PUBLICATION AND AN EFFECTIVE DATE.
WHEREAS, on September 8, 1992, the Euless City Council held a public
hearing on a proposal to set a tax rate for the year 1993; and
WHEREAS, all citizens and interested persons were given an
opportunity to be heard regarding the proposed tax rate; and
WHEREAS, due notice of such meeting was published according to law;
and
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF
EULESS, TEXAS:
SECTION 1
THAT the official tax rate for the City of Euless for the calendar
year 1992 be and the same is hereby adopted by the Euless City
Council as hereinafter set forth.
SECTION 2
THAT 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) For the General Fund levied on $100 valuation
. $.4417347
(b) For the Interest and Sinking Fund levied on the
$100 valuation
. . . . . . $.156829
Total Levy $.5985637
SECTION 3
THAT 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 exemption shall be granted to any such
residential homestead and improvements qualifying for same as
provided by law.
There shall be
($30,000.00) of
residents of the
of age or older,
City.
SECTION 4
exempted the sum of
the assessed value of
City of Euless, Texas, who
from all ad valorem taxes
Thirty Thousand Dollars
residence homesteads of
are sixty -five (65) years
thereafter levied by such
SECTION 5
That the taxes assessed and levied hereby are due and payable on
October 1, and shall be payable not 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.
SECTION 6
THAT 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.
SECTION 7
THAT 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.
SECTION 8
Effective Date. This ordinance shall be in full force and effect
and after its passage as provided by the Euless City Charter and the
laws of the State of Texas.
PRESENTED AND APPROVED after First and Final Reading at a regular
meeting of the Euless City Council on the 22nd day of September,
1992, by a vote of 7 ayes, 0 nays, and 0 abstentions.
APPROVED:
2744MZ .. -
Harold D. Samuels, Mayor
ATTEST:
Susan Crim, CMC, City Secretary
APP OV AS O
ob McFarland, City Attorney
Ordinance No. 1095, Page 2 of 2