HomeMy WebLinkAbout1152 09-13-1994ORDINANCE NO. 1152
AN ORDINANCE ADOPTING A TAX RATE FOR THE CITY OF
EULESS FOR THE YEAR 1994; PROVIDING FOR CERTAIN
EXEMPTIONS THERETO; PROVIDING FOR PUBLICATION AND
AN EFFECTIVE DATE.
WHEREAS, on August 23, 1994, 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 1994 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
$0.454438
(b) For the Interest and Sinking Fund levied on the
$100 valuation
...... $0.161562
.. ♦ '.1. .
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, 1994 and shall be payable not
later than January 31, 1995. 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 13th day of September, 1994, by a vote of 7 ayes, 0 nays, and 0 abstentions.
APPROVED:
LIPP
. �. /
ATTEST:
Susan Crim, C C, City Secretary
. Ab
woo i BobIcF nand, City Attorney