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SECTION 6. THE TAX RATE WILL EFFECTIVELY BE RAISED BY 7.77
PERCENT AND WILL RAISE TAXES FOR MAINTENANCE AND
OPERATIONS ON A$100,000 HOME BY APPROXIMATELY $49.75.
SECTION 7. The City Manager, or his designee, is directed to include the following
statement an the home page of the City's Internet website: T E CITY F ENT N,
TE S, A PTE A T TE T AT ILL ISE T ES F
AINTENANCE PE TI NS T AN LAST YEA ' S TAX TE
AN T E TAX TE ILL EFFECTIVELY E ISE Y 7.77
PE CENT AN V�'ILL ISE T ES F AINTENANCE AN
OPERATIONS ON A$100,000 HOME BY APPROXIMATELY $49.75.
SECTION 8. This budget will raise more revenue from property taxes than last year's budget
by an amount of $5,641,834 which is an 11.72 percent increase from last year's budget. The
property tax revenue to be raised from new property added to the tax roll this year is $1,292,895.
SECTION 9. Pursuant to Article 8, 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, ar $5,000 of the assessed value of residential homesteads,
whichever amount shall be greater, shall be exempt from City ad valarem taYes.
SECTION 10. Pursuant to Article 8, Section 1-b of the Texas Constitution, $50,000 of the
assessed value of residential homesteads of persons 65 years of age or older shall be exempt from
City ad valorem t�es for 2014.
SECTION 11. Pursuant to Article 8, 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
t�es.
����'TI��I�] 12. For enforcement of the collection of t�es hereby levied the City of Denton
shall have available all rights and remedies provided by law.
SECTION 13. 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
C0111pet011t JUT1SCi1Ct10119 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 14. This Ordinance shall become effective immediately upan its passage and
approval at a regular meeting of the City Council of the City of Denton, Texas, on this the 16th day
of September 2014, at which meeting a quorum was present and the meeting was held in accordance
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S:\Legal\Our pocuments\Ordinances\14\Ord ad valorem tax levy.docx
with the provisions of the Tex. Gov't Code, Section 551.001 et seq. The City Secretary is hereby
directed to record this Ordinance and the vote to adopt the t� rate.
PASSED AND APPROVED this the ,� f�'',,�` _ day of ����_��� �' ,�� ������P �,;�;' , 2014.
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BY: -�' � " , �-�
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Council Member
Chris Watts, Mayor
Kevin Roden
John Ryan
Jim Engelbrecht
Joey Hawkins
Dalton Gregory
Greg Johnson
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Voted For Voted A a�
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