2006-258
S:\Our Documents\Ordinances\06\ad valorem tax.doc
ORDINANCE NO.0D~ ~q S?
AN ORDINANCE LEVYING THE AD VALOREM TAX OF THE CITY OF DENTON, TEXAS,
FOR THE YEAR 2006, ON ALL TAXABLE PROPERTY WITHIN THE CORPORATE LIMITS
OF THE CITY ON JANUARY 1,2006, 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 CERTAlN HOMESTEADS; PROVIDING FOR ENFORCEMENT
OF COLLECTIONS; PROVIDING FOR A SEVERABILITY CLAUSE; AND PROVIDING AN
EFFECTIVE DATE.
WHEREAS, after notice of two public hearings on a tax increase were published and posted
on the home page of the City's website as required by law, on September 12, 2006 and September
19,2006, the City Council held two public hearings on a proposal to adopt a tax rate of $0.62652
per $100 valuation which would increase total tax revenues from property on the tax roll by 10.49%
and the statement showing the effect of the proposed tax increase was included on the home page of
the City's website any additional notices and actions were completed, as required by law; and
WHEREAS, at the end of the September 12 public hearing, the City Council passed a
resolution setting the meeting on which it would vote on the tax rate and announcing that it would
vote on the tax rate at its September 26, 2006 meeting, which resolution specified the time and place
of this meeting in accordance with the law; and '
WHEREAS, after the public hearings and before the September 26, 2006 meeting, the City
Council recorded its vote and published a Notice of Vote on Tax Rate in accordance with the law;
and
WHEREAS, the City Council deems it in the public interest to adopt a tax rate for the 2006
tax year; NOW, THEREFORE,
THE COUNCIL OF THE CITY OF DENTON HEREBY ORDAlNS:
I
SECTION I. The findings set forth in the preamble of this Ordinance are incorporated by
reference into the body of this Ordinance as if tUlly set forth herein.
SECTION 2. 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 2006, on all taxable property situated within the
corporate limits of the City of Denton on January I, 2006, and not exempt by the Constitution and
laws of the State of Texas or municipal ordinance or by Sections 5, 6, and 7 of this ordinance, a tax
of $0.62652 on each $] 00 assessed value of all taxable property. This tax is expected to increase
total revenue from properties on the tax roll by ] 0.49% over 2005 tax revenues.
SECTION 3. THIS TAX RATE WILL RAISE MORE TAXES FOR
MAINTENANCE AND OPERATIONS THAN LAST YEAR'S TAX RATE. THE
TAX RATE WILL RAISE TAXES FOR MAINTENANCE AND OPERATIONS ON A
$100,000 HOME BY APPROXIMATELY $18.37.
L:\Our Documents\Ordinances\06\ad valorem tax,doc
SECTION 3. Of the total tax, $0.44765 of 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 4. Of the total tax, $0.17887 of 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 5. Pursuant to Article 8, Section I-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, or $5,000 of the assessed value of residential homesteads,
whichever amount shall be greater, shall be exempt from City ad valorem taxes.
SECTION 6. Pursuant to Article 8, Section I-b of the Texas Constitution, $25,000 of the
assessed value of residential homesteads of persons 65 years of age or older shall be exempt from
City ad valorem taxes.
SECTION 7. Pursuant to Article 8, Section I-b of the Texas Constitution, $10,000 of the
assessed value of residential homesteads of disabled persons shall be exempt from City ad valorem
taxes.
SECTION 8. For enforcement of the collection of taxes hereby levied, the City of Denton
shall have available all rights and remedies provided by law.
SECTION 9. 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
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 10. THE MOTION APPROVING THIS ORDINANCE WAS MADE AND
SECONDED AS FOLLOWS: "I MOVE THAT PROPERTY TAXES BE INCREASED BY
THE ADOPTION OF A TAX RATE OF $0.62652 ON EACH $100 ASSESSED VALUE OF
ALL TAXABLE PROPERTY." ,
/
SECTION II. This ordinance shall become effective immediately upon its passage and
,
approval.
. iIt r<;;:d~
PASSED AND APPROVED this the 20 - day of ~ ct?mb er, 2006.
~~AYOR
ATTEST:
JENNIFER WALTERS, CITY SECRETARY
PAGE 2
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APPROVED AS TO LEGAL FORM:
EDWIN M??lmRNEY
BY: ~
Council member
Perry McNeill, Mayor
Pete Kamp, Mayor Pro Tern
Joe Mulroy, Deputy Mayor Pro Tern
Bob Montgomery
Charlye Heggins
Jack Thomson
Guy McElroy
PAGE 3
Voted For
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Voted Against