HomeMy WebLinkAbout1998-261ORDINANCE NO &
AN ORDINANCE LEVYING THE AD VALOREM TAX OF THE CITY OF DENTON, TEXAS,
FOR THE YEAR 1998, ON ALL TAXABLE PROPERTY WITHIN THE CORPORATE LIMITS
OF THE CITY ON JANUARY 1, 1998, 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
THE COUNCIL OF THE CITY OF DENTON HEREBY ORDAINS
SECTION I. 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 1998, on all taxable property situated within
the corporate limits of the City of Denton on January 1, 1998, and not exempt by the Constitution
and Laws of the State of Texas or by Sections IV, V, and VI of this ordinance, a tax of $0 50815 on
each $100 assessed value of all taxable property
SECTION II That of the total tax, $0 31187 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 III. That of the total tax, $019628 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 IV 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
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 V That pursuant to Article VIII, Section 1-b of the Texas Constitution, $25,000
of the assessed value of residential homesteads of persons sixty-five (65) years of age or older shall
be exempt from City ad valorem taxes
SECTION VI. 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 VII That for enforcement of the collection of taxes hereby levied, the City of
Denton shall have available all rights and remedies provided by law
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SECTION VIII. 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 IX. That this ordinance shall become effective immediately upon its passage and
approval
PASSED AND APPROVED this the day of , 1998
ATTEST
JENNIFER WALTERS, CITY SECRETARY
BY
APPRtVED AS TO LEGAL FORM
HERBERT L PROUTY, CITY ATTORNEY
BY &
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JACYOdILLER, MAYOR
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