1998-261 ORDINANCE NO 9['N (O /
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
E Ti~..C.~J_Q._~ That by authority of thc charter of the C~ty of Denton, Texas, and the Laws of
the State of Texas, there is hereby levied for the year 1998, on all taxable property s~tuated within
the corporate 1,m2ts of thc City of Denton on January 1, 1998, and not exempt by the Constimt~on
and Laws of thc State of Texas or by Se~tmns IV, V, and VI of this ord, nan¢¢, a tax of $0 50815 on
each $100 assessed value of all taxable propmy
~ That of the total tax, $031187 of each $100 of assessed value shall be
d~smbuted to the General Fund of the City to fund mmntenanc¢ and operaUon expen&tures of the
C,ty
~ That of the total tax, $0 19628 of each $100 of assessed value shall be
distributed to pay the City's debt scrvme as pmv, ded by Sectmn 26 04(¢)(3) of the Texas Property
Tax Code,
~ That pursuant to Anmle VIII, Sectmn 1-b of the Texas ConsUmtmn, and
pursuant to the pmvlsmns of Section 11 13(n) of the Texas Property Tax Code, one-half percent of
the assessed value of resldcnUal homesteads, or $5,000 of the assessed value of residential home-
steads, wl~chevcr amount shall be greater, shall be exempt from City ad valorem taxes
~ That pursuant to Article VIII, Section 1-b of thc Texas Const~tutmn, $25,000
of the assessed value of resldentml homesteads of persons s~xty-five (65) years of age or older shall
be exempt from C~ty ad valorem taxes
~ That pursuant to Article VIII, Sechon 1-b of the Texas Constitution, $10,000
of the assessed value of residential homesteads of chsabled persons shall be exempt from City ad
valorem taxes
SECTION VII That for enforcement of the collectmn of taxes hereby levied, the City of
Denton shall have avmlable all rights and remedies provided by law
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~ That if any section, subsection, paragraph, sentence, clause, phrase or word
in th~s ordinance, or the application thereof to any person or c~rcumstance is held lnvahd by any
court of competent junsdact~on, such holding shall not affect the validity of the remmmng portions
of tbas ordinance and the C~ty Council of the City of Denton, Texas, hereby declares ~t would have
enacted such remmmng pomons despite any such lnvahd~ty
~ That tbas ordinance shall become effective ~mmed~ately upon ~ts passage and
approval
PASSED AND APPROVED this the (~ day of ~, 1998
JACI~ILLER, MAYOR
ATTEST
JENNIFER WALTERS, CITY SECRETARY
APPROVED AS TO LEGAL FORM
HERBERT L PROUTY, CITY ATTORNEY
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