HomeMy WebLinkAbout1982-071NO 29— 7l
AN ORDINANCE LEVYING THE AD VALOREM TAX OF THE CITY OF DENTON,
TEXAS, FOR THE YEAR 1982, AT THE RATF OF $ 5100 PER $100 00
ASSESSED EVALUATION ON ALL TAXABLE PROPERTY WITHIN THE CORPORATE
LIMITS OF THE CITY ON JANUARY 1, 1982, 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, TEXAS HEREBY ORDAINS
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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 1982, on all taxable property, situated
within the corporate limits of the City of Denton on the first
day of January, 1982, and not exempt by the Constitution and
Laws of the State of Texas or by Section 2 of this Ordinance, a
tax of $ 5100 on each $100 00 assessed value of all taxable
property which shall be apportioned and distributed as follows
(a) For the General Fund of the City of Denton, $ 337S
on each $100 00 of assessed value,
(b) For the purpose of creating a sinking fund to pay
the interest and principal on outstanding bonded
indebtedness on all outstanding City of Denton
bonds, not otherwise provided for, $ 1725 on each
$100 00 of assessed value
SECTION II
That pursuant to Article VIII, Section 1-b of the Texas
Constitution, $5,000 00 of the assessed value of resident
homesteads, shall be exempt from City ad valorem taxes
SECTION III
That pursuant to Article VIII, Section 1-b of the Texas
Constitution, $16,000 00 of the assessed value of resident
homesteads of persons sixty-five (65) years of age or older,
shall be exempt from City ad valorem taxes
SECTION IV
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 V
That if any section, subsection, paragraph, sentence,
clause, phrase or word in this ordinance, or application thereof
to any person or circumstances 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
That this ordinance shall be effective upon its passage and
approval
PASSED AND APPROVED this the 14th day of September, 1982
KIC
IAR
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D0 STW , YO
CIT OF D TON, TEXAS
ATTEST
MARLOTTE ALLEN, CITY
CITY OF DENTON, TEXAS
APPROVED AS TO LEGAL FORM
C J TAYLOR, JR , CITY ATTORNEY
CITY OF DENTON, TEXAS
BY