HomeMy WebLinkAboutOrdinance No. 96-19 ORDINANCE N0. 96-19
AN ORDINANCE PROVIDING FOR THE ASSESSMENT, LEVY, AND COLLECTION
OF AD VALOREM TAXES OF THE CITY OF FRIENDSWOOD, TEXAS, FOR THE
YEAR 1996 AND FOR EACH YEAR THEREAFTER UNTIL OTHERWISE
PROVIDED; PROVIDING THE DATE ON WHICH SUCH TAXES SHALL BE DUE
AND PAYABLE; PROVIDING FOR PENALTY AND INTEREST ON ALL TAXES
NOT TIMELY PAID; AND REPEALING ALL ORDINANCES AND PARTS OF
ORDINANCES IN CONFLICT HEREWITH.
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WHEREAS, Section 26.05 of the Texas Property Tax Code provides that by
September 1 or as soon thereafter practicable, the governing body of each
t�ing unit shall adopt a tax rate for the current tax year; and
WHEREAS, such Section further provides that where the tax rate consists
of two components (one which will impose the amount of taxes needed to pay
the unit's debt service and the other which will impose the amount of taxes
needed to fund maintenance and operation expenditures of the unit for the
next year) each of such two components must be approved separately; and
WHEREAS, the proposed tax rate for the current tax year of the City of
Friendswood, Texas, consists of two such components, a tax rate of $.1084
for debt service and a tax rate of $.4961 to fund maintenance and operation
expenditures; and
WHEREAS, by separate motions heretofore adopted by the City Council of
the City of Friendswood, Texas, at a said meeting of City Council held on
this 16th day of September, 1996, said City Council has approved separately
the t� rate heretofore specified for each of said co�aponents; and
WHEREAS, having thus separately approved the tax rate for each of such
components, it is necessary and appropriate for the City Council to now
formally pass, approve, and adopt a 1996 Tax Rate Ordinance of the City of
Friendswood, Texas; now, therefore
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF FRIENDSWOOD, STATE OF
TEXAS:
Section 1. The facts and recitations set forth in the preamble of this
Ordinance are found to be true and correct and are hereby adopted, ratified,
and confirmed.
Section 2. Al1 property subject to ad valorem taxation by the City of
Friendswood, Texas, shall be equally and uniformly assessed for such
purposes at One Hundred Percent (100%) of the fair market value of such
property.
ORD96-19/KSS03
Section 3. There is hereby levied for general purposes and use by the
City of Friendswood, Texas, for the year 1996 and for each thereafter until
otherwise provided, an ad valorem tax at the rate of $.4961 on each One
Hundred Dollars ($100) of assessed valuation on all property, real, personal
and mixed, within the corporate limits upon which an ad valorem tax is
authorized by law to be levied by the City of Friendswood, Texas.
The proceeds from such tax shall be applied to the payment of the general
and current expenses of the government of the City. All such taxes shall be
assessed and collected in current money of the United States of America.
Section 4. For the purpose of paying the interest on bonds, warrants,
certificates of obligation, or other lawfully authorized evidence of
indebtedness issued by the City of Friendswood, Texas, including the various
installments of principal due on the serial bonds, warrants, certificates of
obligation, or other lawfully authorized evidence of indebtedness issued by
the City as such installments shall respectively mature, and for the purpose
of repaying any sums borrowed in anticipation of current revenues for use in
the payment of bonds and certificates of obligation and interest thereon
maturing in the fiscal year 1996/97 and for the purpose of paying interest
and making provisions for the sinking fund on such other bond issues,
warrants, certificates of obligation, or other lawfully authorized evidence
of indebtedness as may be authorized, there is hereby levied for the year
1996 and for each thereafter until otherwise provided, to be assessed and
coilected upon all property described in Section 3 of this Ordinance, an
annual ad valorem tax at the rate of $.1084 on each One Hundred ($100) of
assessed valuation.
Section 5. All ad valorem taxes levied hereby, in the total amount of
$.6045 cents on each One Hundred Dollars ($100) of assessed valuation, as
reflected by Section 3 and 4 hereof, shall be due and payable on or before
January 31, 1997. All ad valorem t�es due the City of Friendswood, Texas,
and not paid on or before January 31st following the year for which they
were levied shall bear penalty and interest as prescribed in the Property
Tax Code of the State of Texas.
Section 6. All ordinances and parts of ordinance in conflict herewith
are, to the extent of such conflict, hereby repealed.
PASSED, APPROVED, AND ADOPTED this 30th day of September, 1996.
�
Mayor elyn B. ewman
Att t:
� ,
Deloris McKenzie, T
City Secretary
ORD96-19fKSS03