1985-192NO /9
AN ORDINANCE LEVYING THE AD VALOREM TAX OF THE CITY OF DENTON,
TEXAS, FOR THE YEAR 1985, AT THE RATE OF $0 59 PER $100 00
ASSESSED EVALUATION ON ALL TAXABLE PROPERTY WITHIN THE CORPORATE
LIMITS OF THE CITY ON JANUARY 1, 1985, 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
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 1985, on all taxable property situated
within the corporate limits of the City of Denton on the first
day of January, 1985, and not exempt by the Constitution and
Laws of the State of Texas or by Section 2 of this Ordinance, a
tax of $0 59 on each $100 00 assessed value of all taxable
property
SECTION II
That of the total tax, $0 3924 on 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, $0 1976 on 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, $5,000 00 of the assessed value of resident
homesteads, shall be exempt from City ad valorem taxes
SECTION V
That pursuant to Article VIII, Section 1-b of the Texas
Constitution, $16,000 00 of the assessed value of resident
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homesteads of persons sixty-five (65) years of age or older,
shall be exempt from City ad valorem taxes
SECTION VI
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 VII
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
SECTION VIII
That this ordinance shall be effective upon its passage and
approval
PASSED AND APPROVED this the day of September, 1985
ATTEST
M"Z? & oz~ ALLEN, CITY S2--
CHARLOTTE RETARY
CITY OF DENTON, TEXAS
APPROVED AS TO LEGAL FORM
DEBRA ADAMI DRAYOVITCH, CITY ATTORNEY
CITY OF DENTON, TEXAS
BY
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