HomeMy WebLinkAbout1181 09-12-1995ORDINANCE NO. 1181
AN ORDINANCE ADOPTING A TAX RATE FOR THE CITY OF
EULESS FOR THE YEAR 1995; PROVIDING FOR CERTAIN
EXEMPTIONS THERETO; PROVIDING FOR PUBLICATION AND
AN EFFECTIVE DATE.
WHEREAS, on August 22, 1995, the Euless City Council held a public hearing on the proposed
budget for the fiscal year 1995 -1996; and
WHEREAS, the proposed budget for the fiscal year 1995 -1996 was approved and adopted by
the Euless City Council at regular meeting on August 22, 1995; and
WHEREAS, on September 5, 1995, the Euless City Council held a public hearing on the
proposed tax rate; and
WHEREAS, all citizens and interested persons were given an opportunity to be heard regarding
the proposed budget and proposed tax rate; and
WHEREAS, due notice of such meetings 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 1995 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
.... $0.456229
(b) For the Interest and Sinking Fund levied on the
$100 valuation
...... $0.149771
Total Lew $0.606
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°x6) 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 there shall be exempted from the valuation a portion of all residential homesteads for which
proper application shall have been made in accordance with the following schedule as allowed
by the Property Tax Code, Section 11.22. Disabled Veterans:
An exemption of up to:
$1,500 of the assessed value
$2,000 of the assessed value
$2,500
$3,000 of the assessed value
for a disability rating of
at least but not greater than
10% 30%
31% 50°x6
51% 70%
70% and over
SECTION 6
That the taxes assessed and levied hereby are due and payable on October 1, 1995 and shall
be payable not later than January 31, 1996. 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 7
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 8
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 9
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 12th day of September, 1995, by a vote of 6 ayes, o nays, and
_o abstentions.
APPROVED:
Mary Lib galeh, Mayor
ATTEST:
AS TO
ity Secretary
McFjrland, City Attorney