HomeMy WebLinkAbout1748 09-26-2006ORDINANCE NO. 1748
AN ORDINANCE ADOPTING A TAX RATE FOR
THE CITY OF EULESS FOR TAX YEAR 2006;
PROVIDING FOR CERTAIN EXEMPTIONS
THERETO; PROVIDING FOR PUBLICATION AND
AN EFFECTIVE DATE.
WHEREAS, on August 24, and August 29, 2006, the Euless City Council held
public hearings on the proposed tax rate for tax year 2006; and
WHEREAS, on August 29, 2006, the Euless City Council held a public hearing
on the proposed budget for the fiscal year 2006 -2007; and
WHEREAS, the proposed budget for the fiscal year 2006 -2007 was approved
and adopted by the Euless City Council at regular meeting on September 12, 2006; 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 were 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
2006 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
.......... $0.343227
(b) For the Interest and Sinking Fund levied on the $100 valuation
.......... $0.146273
TOTAL LEVY $0.4895
THIS TAX RATE WILL RAISE MORE TAXES FOR MAINTENANCE
AND OPERATIONS THAN LAST YEAR'S TAX RATE.
THE TAX RATE WILL RAISE TAXES FOR MAINTENANCE AND
OPERATIONS ON A $100,000 HOME BY APPROXIMATELY $2.32
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 Five Thousand Dollars
($35,000) 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:
10%
31%
51%
71 % and over
SECTION 6
But not greater than
30%
50%
70%
THAT the taxes assessed and levied hereby are due and payable on October 1,
2006, and shall be payable not later than January 31, 2007. Taxes become delinquent
on and after February 1, 2007. Penalties and interest as provided by state law shall
accrue on and after this date. However, if the entire taxes due are paid in full by
January 31, no penalty or interest shall be due.
ORDINANCE NO. 1748, PAGE 2 OF 3
SECTION 7
THAT in addition to the taxes, penalties and interest assessed and levied herein,
there is also assessed and levied an additional twenty percent (20 %) collection fee as
provided and authorized by Sections 33.07 & 33.08 of the Texas Property Tax Code.
SECTION 8
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 APPROVED on First Reading at a regular meeting of the
Euless City Council on the 12th day of September 2006, by a vote of 4 ayes, 3 nays, and
0 abstentions.
PRESENTED AND APPROVED on Second and Final Reading at a regular
meeting of the Euless City Council on the 26th day of September 2006, by a vote of
4 ayes, 3 nays, and 0 abstentions.
APPROVED:
Mary Lib Valeh, Mayor
ATTEST:
Su an Cri , TRMC, City Secretary
APPROVED AS TO FORM:
:•• k MUM I • t A ' •
ORDINANCE NO. 1748, PAGE 3 OF 3