HomeMy WebLinkAbout1118 09-14-1993ORDINANCE NO. 1118
AN ORDINANCE ADOPTING A TAX RATE FOR THE CITY OF
EULESS FOR THE YEAR 1993; PROVIDING FOR CERTAIN
EXEMPTIONS THERETO; PROVIDING FOR PUBLICATION AND AN
EFFECTIVE DATE.
WHEREAS, on August 24, 1993, the Euless City Council held a public hearing
on the proposed budget for the fiscal year 1993 -1994; and
WHEREAS, all citizens and interested persons were given an opportunity to
be heard regarding the proposed budget; 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
1993 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
. $.458096
(b) For the Interest and Sinking Fund levied on the
$100 valuation
. . . . . . $.160521
Total Levy $.618617
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.
SECTION 4
There shall be exempted the sum 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.
SECTION 5
That the taxes assessed and levied hereby are due and payable on October 1,
1993 and shall be payable not later than January 31, 1994. 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 14th day of September, 1993, by a vote
of 5 ayes, 0 nays, and 0 abstentions.
APPROVED:
Mary Lib Saleh, Mayor
ATTEST:
Criii, CMC, City Secretary
C APPROVE AS TO FOR����
Bob M aria d, City Attorney
Ordinance No. 1118, Page 2 of 2