HomeMy WebLinkAbout986 09-27-1988ORDINANCE NO. 986
AN ORDINANCE ADOPTING A TAX RATE FOR THE CITY
OF EULESS FOR THE YEAR 1988; PROVIDING FOR
CERTAIN EXEMPTIONS THERETO; PROVIDING FOR
PUBLICATION; AND DECLARING AN EMERGENCY AND
PROVIDING AN EFFECTIVE DATE.
WHEREAS, on September 27, 1988, the Euless City Council held a public
hearing on a proposal to set a tax rate for the year of 1988; 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 1988 be and the same is hereby adopted by the Euless City Council
as hereafter 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 pur-
poses hereinafter stipulated, to -wit:
(a) For the General Fund levied on $100 valuation
. . . . . $0.320
(b) For the Interest and Sinking Fund levied on the $100.00
valuation
. . . . . . . $0.140
Total Levy $0.460
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
forty Dollars ($21,540.00) of the
steads of residents of the City of
(65) years of age or older, from
levied by such City.
twenty -one thousand, five hundred
assessed value of residence home -
Euless, Texas, who are sixty -five
all ad valorem taxes thereafter
SECTION 5
EMERGENCY CLAUSE. By the affirmative vote of four or more of its
members, the City Council declares that this is an ordinance for the
immediate preservation of the public peace, property, health and
safety, and is an emergency measure within the meaning of Article II,
Section 11, of the City Charter; and the requirement that it be read
at two meetings, as specified in such Section 11, is hereby dispensed
with.
SECTION 6
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.
ORDINANCE NO. 986
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PRESENTED AND GIVEN FIRST AND FINAL READING at a regular meeting of
the Euless City Council on the 27th day of September , 1988, by a vote
of 4 ayes, 1 nays, and 0 abstentions.
APPROVED:
Harold D. Samuels, Mayor
ATTEST:
Kay dbey Rainey- ity Secretay
ORDINANCE NO. 986
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