HomeMy WebLinkAbout485 04-22-1975ORDINANCE NO. 485
AN ORDINANCE PROVIDING FOR AND ESTABLISH-
ING THE RATE OF PENALTY AND INTEREST
APPLICABLE TO DELINQUENT AD VALOREM TAXES
OF THE CITY OF EULESS, TEXAS; PROVIDING A
SEVERABILITY CLAUSE; DECLARING AN EMER-
GENCY; AND PROVIDING AN EFFECTIVE DATE.
WHEREAS, heretofore the penalty and interest assessed upon
delinquent ad valorem taxes was prescribed by Section 6 of Article
IX of the Charter of the City of Euless, and
WHEREAS, by appropriate election, the voters of the City
of Euless did on the 19th day of April, 1975, amend such section
of the Euless Charter to vest in the City Council the responsibility
and authority for determining and prescribing the rate of interest
and penalty upon delinquent ad valorem taxes, and
WHEREAS, the Euless City Council, pursuant to such mandate
desires to establish and prescribe the rate of interest and
penalty applicable to delinquent ad valorem taxes due the City
of Euless,
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE
CITY OF EULESS, TEXAS:
I.
All ad valorem taxes levied by the City of Euless shall
be deemed and become delinquent, if not paid prior thereto,
on February 1st of the year following assessment.
II.
Such delinquent ad valorem taxes from the effective date
hereof through June 30, 1975, shall be subject to penalty at
the rate of one per cent (1 %) per month from date of initial
delinquency through June 30th of the year in which such delinquency
first occurred and on and after the first day of July of such
year, the penalty shall remain fixed at eight per cent (8%)
of the taxes due which eight per cent (8%) rate shall continue
until such taxes be paid or such penalty be increased as provided
in Article III hereof, whichever shall first occur.
In addition to the penalty above prescribed in this article,
such delinquent taxes shall also bear interest at the rate of
one -half per cent (1/2%) per month from date of initial delinquency
up to a maximum penalty interest rate of six per cent (6%) per
annum from the original delinquent date, which six per cent
(6%) rate shall continue until such taxes, penalty interest
and costs be paid or until such interest rate be increased as
hereinafter provided, whichever shall first occur.
III.
All ad valorem taxes delinquent on July 1, 1975, shall,
from and after such date, be subject to a penalty of twelve
per cent (12 %) of the taxes then due. In addition to such twelve
per cent (12 %) penalty herein prescribed, such delinquent ad
valorem taxes from and after July 1, 1975, shall additionally
bear interest at the rate of nine per cent (9%) per annum from
such date until such delinquent taxes and the applicable penalty
and interest, together with any applicable costs be paid in
full.
IV.
All ad valorem taxes becoming first delinquent after July
1, 1975, shall be subject to penalty at the rate of two per
cent (2 %) per month through June 30th of the year of first delin-
quency, and on and after the first day of July of such year
of first delinquency, the penalty shall be and thereafter remain
fixed at twelve per cent (12 %) of the taxes due, which twelve
per cent (12 %) shall be the maximum penalty for such delinquency.
In addition to the penalty above prescribed in this article,
all ad valorem taxes becoming first delinquent after July 1,
1975, shall bear interest from date of delinquency at the rate
of three - fourths per cent (3/4%) per month for each month of
delinquency up to a maximum interest rate of nine per cent (9 %)
per annum, which nine per cent (9 %) rate shall be the maximum
interest rate applicable to such delinquent taxes per annum,
in addition to the penalty rate hereinbefore described in this
article.
M
This Ordinance shall become effective from and after its
date of enactment.
Lt"
The provisions of this Ordinance shall be, and they are,
declared to be severable, and should any portion thereof be
declared to be invalid for any reason by a court of competent
jurisdiction, such holding shall not effect the remaining portions
hereof.
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VII.
The fact that the enactment of this Ordinance is necessary
to preserve the public business, peace, health, safety and general
welfare, creates an urgency and an emergency in the immediate
preservation of same, and requires that this Ordinance shall
take effect immediately from and after its passage and publication
as required by law.
APPROVED and ADOPTED on first and final reading on the
22nd day of April, 1975, at a regular meeting of the City Council
of the City of Euless, Texas.
APPROVED:
Harold Samuels, Mayor
ATTEST:
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City Secretary
APPROVED AS TO FORM:
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