HomeMy WebLinkAbout946 09-08-1987ORDINANCE NO. 946
AN ORDINANCE ADOPTING A TAX RATE FOR THE CITY
OF EULESS FOR THE YEAR 1987; PROVIDING FOR
CERTAIN EXEMPTIONS THERETO; PROVIDING FOR
PUBLICATION AND AN EFFECTIVE DATE.
WHEREAS, on August 25, 1987, the Euless City Council held a
public hearing on a proposal to set a tax rate for the year 1987;
and
WHEREAS, all citizens and interested persons were given an
opportunity to be heard regarding the proposed tax rate; 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 1987 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
. . . . . . $.32
(b) For the Interest and Sinking Fund levied on the
$100 valuation
$.12
Total Levy $.44
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. The
exemption shall be granted to any such residential improvements
qualifying for same as provided by law.
SECTION 4
There shall be exempted the sum of twenty -one thousand, five
hundred forty Dollars ($21,540.00) 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
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 GIVEN FIRST READING at a regular meeting of the
Euless City Council on the 25th day of August , 1987, by a
vote of 5 ayes, 0 nays, and 0 abstentions.
GIVEN SECOND AND FINAL READING at a regular meeting of the Euless
City Council on the 8th day of September , 1987, by a vote of
5 ayes, 0 nays, and 0 abstentions.
.'•,U —5
AV
Harold D. Samuels, Mayor
ATTEST:
Kay Rai y, ity Sec• tary
Ordinance No. 946 , Page 2 of 2