HomeMy WebLinkAbout1999-323ORDINANCE NO e 9',Jo��
AN ORDINANCE LEVYING THE AD VALOREM TAX OF THE CITY OF DENTON, TEXAS,
FOR THE YEAR 1999, ON ALL TAXABLE PROPERTY WITHIN THE CORPORATE LIMITS
OF THE CITY ON JANUARY 1, 1999, NOT EXEMPT BY LAW, PROVIDING REVENUES
FOR PAYMENT OF CURRENT MUNICIPAL EXPENSES, AND FOR INTEREST AND
SINKING FUND ON OUTSTANDING CITY OF DENTON BONDS, PROVIDING FOR
LIMITED EXEMPTIONS OF CERTAIN HOMESTEADS, PROVIDING FOR ENFORCEMENT
OF COLLECTIONS, PROVIDING FOR A SEVERABILITY CLAUSE, AND PROVIDING AN
EFFECTIVE DATE
WHEREAS, after notice of a public hearing on a tax increase was published in accordance
with the law, on August 31, 1999, the City Council held a public hearing on a proposal to adopt a
tax rate of $0 50815 per $100 valuation which would increase total tax revenues from property on
the tax roll by 7 77%, and
WHEREAS, at the end of this public hearing, the City Council passed a resolution setting the
tax rate meeting and announcing that it would vote on the tax rate at its September 7, 1999 meeting,
which resolution specified the time and place of this meeting, and
WHEREAS, after the public hearing and before the September 7, 1999 meeting, the City
Council published a Notice of Vote on Tax Rate in accordance with the law, and
WHEREAS, the City Council deems it in the public interest to adopt a tax rate for the 1999
tax year, NOW, THEREFORE,
THE COUNCIL OF THE CITY OF DENTON HEREBY ORDAINS
SECTION 1. That by authority of the Charter of the City of Denton, Texas, and the Laws of
the State of Texas, there is hereby levied for the year 1999, on all taxable property situated within
the corporate limits of the City of Denton on January 1, 1999, and not exempt by the Constitution
and Laws of the State of Texas or by Sections 4, 5, and 6 of this ordinance, a tax of $0 50815 on
each $1001 assessed value of all taxable property This taxis expected to increase total revenue from
properties on the tax roll by 7 77% over 1998 tax revenues
SECTION 2 That of the total tax, $0 31948 of each $100 of assessed value shall be
distributed to the General Fund of the City to fund maintenance and operation expenditures of the
City
SECTION 3 That of the total tax, $0 18867 of each $100 of assessed value shall be
distributed to pay the City's debt service as provided by Section 26 04(e)(3) of the Texas Property
Tax Code
SECTION 4. That pursuant to Article VIII, Section 1-b of the Texas Constitution, and
pursuant to the provisions of Section 11 13(n) of the Texas Property Tax Code, one-half percent of
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the assessed value of residential homesteads, or $5,000 of the assessed value of residential home-
steads, whichever amount shall be greater, shall be exempt from City ad valorem taxes
SECTION 5 That pursuant to Article VIII, Section 1-b of the Texas Constitution, $25,000 of
the assessed value of residential homesteads of persons 65 years of age or older shall be exempt
from City ad valorem taxes
SECTION 6. That pursuant to Article VIII, Section 1-b of the Texas Constitution, $10,000 of
the assessed value of residential homesteads of disabled persons shall be exempt from City ad
valorem taxes
SECTION 7 That for enforcement of the collection of taxes hereby levied, the City of
Denton shall have available all rights and remedies provided by law
SECTION 8. That if any section, subsection, paragraph, sentence, clause, phrase or word in
this ordinance, or the application thereof to any person or circumstance is held invalid by any court
of competent jurisdiction, such holding shall not affect the validity of the remaining portions of this
ordinance and the City Council of the City of Denton, Texas, hereby declares it would have enacted
such remaining portions despite any such invalidity
SECTION 9 That this ordinance shall become effective immediately upon its passage and
approval (1
PASSED AND APPROVED this the day of p>�999
ATTEST
�ER MAY
: __
�F.R —
WALTERS, CITY SECRETARY
UN
APPIWVED AS 'TO LEGAL FORM
HERBERT L PROUTY, CITY ATTORNEY
BY U PJ
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