1996-204 ORDINANCE NO
AN ORDINANCE LEVYING THE AD VALOREM TAX OF THE CITY OF DENTON,
TEXAS, FOR THE YEAR 1996, ON ALL TAXABLE PROPERTY WITHIN THE COR-
PORATE LIMITS OF THE CITY ON JANUARY 1, 1996, NOT EXEMPT BY LAW,
PROVIDING REVENUES FOR PAYMENT OF CURRENT MUNICIPAL EXPENSES, AND
FOR INTERESTAND 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 1996, on all taxable property s~tuated w~th~n
the c6rporate l~mzts of the C~ty of Denton on the fzrst day of
January 1, 1996, and not exempt by the Constztutzon and Laws of the
State of Texas or by Sections IV, V, and VI of this ordmnance, a
tax of $0 5284 on each $100 assessed value of all taxable property
SECTION II That of the total tax, $0 3207 of each $100 of
assessed value shall be dzstrzbuted to the General Fund of the City
to fund mamntenance and operation expenditures of the Czty
SECTION III. That of the total tax, $0 2077 of each $100 of
assessed value shall be dzstrzbuted to pay the Czty's debt servzce
as provided by Section 26 04(e) (3) of the Texas Property Tax Code
SECTION IV That pursuant to Artzcle VIII, Sectzon 1-b of the
Texas Constltutmon, $5,000 of the assessed value of resident home-
steads shall be exempt from Cmty ad valorem taxes
SECTION V That pursuant to Artzcle VIII, Sectzon 1-b of the
Texas ConstItution, $24,000 of the assessed value of resident home-
steads of persons szxty-fzve (65) years of age or older shall be
exempt from City ad valorem taxes
~ That pursuant to Article VIII, Sectmon 1-b of the
Texas Constitution, $10,000 of the assessed value of reszdentlal
homesteads of dmsabled persons shall be exempt from C~ty ad valorem
taxes.
SECTION VII That for enforcement of the collectzon of taxes
hereby levzed, the C~ty of Denton shall have avazlable all rzghts
and remedmes provzded by law
SECTION VIII That zf any section, subsectzon, paragraph, sen-
tence, clause, phrase or word in this ordinance, or applzcatlon
thereof to any person or czrcumstance zs held lnvalzd by any court
of competent jurisdiction, such holding shall not affect the
valldlty 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 th~s ordinance shall become effective ~mmed-
lately upon ~ts passage and approval
PASSED AND APPROVED th~s the I~~ day of~, 1996
ATTES~
JENNIFER WALTERS, CITY SECRETARY
EY ~
APPROVED AS TO I,EGJ~ FORM
HERBERT 1, PROUT¥, CITY ATTORNEY
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