HomeMy WebLinkAbout1494 09-11-2001ORDINANCE NO. 1494
AN ORDINANCE ADOPTING A TAX RATE FOR
THE CITY OF EULESS FOR THE YEAR 2001;
PROVIDING FOR CERTAIN EXEMPTIONS
THERETO; PROVIDING FOR PUBLICATION AND
AN EFFECTIVE DATE.
WHEREAS, on August 28, 2001, the Euless City Council held a public hearing
on the proposed budget for the fiscal year 2001 -2002, and
WHEREAS, the proposed budget for the fiscal year 2001 -2002 was approved
and adopted by the Euless City Council at regular meeting on August 28, 2001; 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;
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY
OF EULESS, TEXAS:
SECTION 1
THAT the official ad valorem tax rate for the City of Euless for the calendar year
2001 be 0.497254 per $100 valuation, 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
...... $0.311966
(b) For the Interest and Sinking Fund levied on the
$100 valuation
..... $0.185288
Total Levy $0.497254
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
THAT 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:
$5,000 of the assessed value
$7,500 of the assessed value
$10,000 of the assessed value
$12,000 of the assessed value
For a disability rating of
at least: But not greater than
10% 30%
31% 50%
51% 70%
70% and over
SECTION 6
THAT the taxes assessed and levied hereby are due and payable on October 1, 2001
and shall be payable not later than January 31, 2002. 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.
ORDINANCE NO. 1494, Page 2 of 3
SECTION 9
Effective Date. This ordinance shall be in full force and effect after its passage
and publication as provided by the Euless City Charter and the laws of the State of
Texas.
PRESENTED AND GIVEN FIRST AND FINAL READING and approved at a
regular meeting of the Euless City Council on the 11th day of September, 2001, by a
vote of 6 ayes, 0 nays, and 0 abstentions.
APPROVED:
t_2j)I j
Mary Lib aleh, Mayor
ATTEST:
s rim, C C, City Secretary
MOO
ORDINANCE NO. 1494, Page 3 of 3