2007-206S:AOur DocumentsVOrdinancesVOTad valorem mx.doc
ORDINANCE NO. of O~ / -~Q~
AN ORDINANCE LEVYING THE AD VALOREM TAX OF THE CITY OF DENTON, TEXAS,
FOR THE YEAR 2007, ON ALL TAXABLE PROPERTY WITHIN THE CORPORATE LIMITS
OF THE CITY ON JANUARY 1, 2007, 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.
WHEREAS, afler 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 11, 2007 and September
18, 2007, the City Council held two public hearings on a proposal to adopt a tax rate of $0.66652
per $100 valuation which would increase total tax revenues from property on the tax roll by 13.5%
acrd 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 11 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 25, 2007 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 25, 2007 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 2007
tax year; NOW, THEREFORE,
THE COUNCIL OF THE CITY OF DENTON HEREBY ORDAINS:
SECTION 1. The findings set forth in the preamble of this Ordinance are incorporated by
reference into the body of this Ordinance as if frilly 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 2007, on all taxable property situated within the
corporate limits of the City of Denton on January 1, 2007, 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 $0.66652 on each $100 assessed value of all taxable property. This tax is expected to increase
total revenue from properties on the tax roll by 13.5% over 2006 tax revenues.
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, $0.21887 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.
S:AOur DocumentsVOrdinuncesV09~ad valorem tnx.doc
SECTION 5. 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, 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 1-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 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
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 $0.66652 ON EACH $100 ASSESSED VALUE OF
ALL TAXABLE PROPERTY"
SECTION 11. This Ordinance shall become effective immediately upon its passage and
approval.
PASSED AND APPROVED this the ~5 ~`Z day of , 2007.
Y ' G i~//~
PERRY . McNEILL, MAYOR
ATTEST:
JENNIFER WALTERS, CITY SECRETARY
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APPROVED AS TO LEGAL FORM:
EDWIN M. SNYDER, CITY ~'OR
BY:
Council Member
Perry McNeill, Mayor
Pete Kamp, Mayor Pro Tem
Joe Mulroy, Deputy Mayor Pro Tem
Bob Montgomery
Charlye Heggins
Jack Thomson
Chris Watts
Voted For Voted Against
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