2004-275AN ORDINANCE LEVYING THE AD VALOREM TAX OF THE CITY OF DENTON, TEXAS,
FOR THE YEAR 2004, ON ALL TAXABLE PROPERTY WITHIN THE CORPORATE LIMITS
OF THE CITY ON JANUARY 1, 2004, NOT EXEMPT BY LAW; PROVIDING REVENUES
FOR PAYMENT OF CURRENT MUNICIPAL EXPENSES, AND FOR INTEREST AND
SINKING FLrND 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, after notice of a pubhc hearing on a tax increase was published in accordance
with the law, on September 7, 2004, the City Council held a public hearing on a proposal to adopt a
tax rate of $0.59815 per $100 valuation which would increase total tax revenues from property on
the tax roll by 10.6%; and
WHEREAS, at the end of this public heating, 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 21, 2004 meeting, which resolution specified the time and place of this meet'rog; and
WHEREAS, after the public hearing and before the September 21, 2004 meeting, the City
Council 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 2004
tax year; NOW, THEREFORE,
THE COUNCIL OF THE CITY OF DENTON HEREBY ORDAINS:
SECTION 1. 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 2004, on all taxable property situated within the
corporate limits of the City of Denton on January 1, 2004, and not exempt by the Constitution and
laws of the State of Texas or municipal orcFmance or by Sections 4, 5, and 6 of this ordinance, a tax
of $0.59815 on each $100 assessed value of all taxable property. This tax is expected to increase
total revenue fi'om properties on the tax roll by 10.6% over 2003 tax revenues.
SECTION 2. Of the total tax, $0.39928 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 3. Of the total tax, $0.19887 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 4. 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 fi:om City ad valorem taxes.
SECTION 5. 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 fi:om
City ad valorem taxes.
SECTION 6. 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 fi:om City ad valorem
taxes.
SECTION 7. For enforcement of the collection of taxes hereby levied, the City of Denton
shall have available all rights and remedies provided by law.
SECTION 8. 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 9. This ordinance shall become effective immediately upon its passage and
approval.
PASSED AND APPROVED this the ~'~/~'~ day of ~Z~, 2004.
EULINE BROCK, MAYOR
ATTEST:
JENNIFER WALTERS, IITY SECRETARY
APPROVED AS TO LEGAL FORM:
HERBERT L. PROUTY, CITY ATTORNEY
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