2000-318 O IN CE NO
AN ORDINANCE LEVYING THE AD VALOREM TAX OF THE CITY OF DENTON, TEXAS,
FOR THE YEAR 2000, ON ALL TAXABLE PROPERTY WITHIN THE CORPORATE LIMITS
OF THE CITY ON SANUARY 1, 2000, NOT EXEMPT BY LAW, PROVIDING REVENL~S
FOR PAYMENT OF CURRENT MUNICIIOAL EXPENSES, AND FOR INTEREST AND
S1NK1NG 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, after notme of a public heanng on a tax increase was pubhshed ~n accordance
w~th the law, on August 29, 2000, the C~ty Council held a pubhc hearing on a proposal to adopt a
tax rate of $0 52815 per $100 valuation winch would increase total tax revenues from property on
the tax roll by 11 3%, and
WHEREAS, at the end of tins pubhc hearing, the C~ty Council passed a resolution setting the
tax rate meeting and announcing that ~t would vote on the tax rate at ~ts September 5, 2000 meeting,
whmh resolution specffied the t~me and place oftlus mectmg, and
WHEREAS, after the public hearing and before the September 5, 2000 meeting, the C~ty
Council pubhshed a NoUce of Vote on Tax Rate ~n accordance w~th the law, and
WHEREAS, the C~ty Counml deems ~t m the pubhc ~nterest to adopt a tax rate for the 2000
tax year, NOW, THEREFORE,
THE COUNCIL OF THE CITY OF DENTON HEREBY ORDAINS
SECTION 1 By authority of the Charter of the C~ty of Denton, Texas, and the Laws of the
State of Texas, there is hereby lev~ed for the year 2000, on all taxable property sxtuated w~ttnn the
corporate hm~ts of the City of Denton on January 1, 2000, and not exempt by the ConsUtut~on and
Laws of the State of Texas or by Sections 4, 5, and 6 of tlus ordinance, a tax of $0 52815 on each
$100 assessed value of all taxable property Tins tax ~s expected to ~nerease total revenue from
properties on the tax roll by 11 3% over 1999 tax revenues
SECTION 20fthe total tax, $0 31948 of each $100 of assessed value shall be d~stnbuted to
the General Fund of the C~ty to fund maintenance and operation expenchtures of the C~ty
SECTION 3 Of the total tax, $0 20867 of each $100 of assessed value shall be &stnbuted to
pay the C~ty's debt sermce as provided by Section 26 04(e)(3) of the Texas Property Tax Code
SECTION 4 Pursuant to Article VIII, Section 1-b of the Texas ConsUtut~on, and pursuant to
the prows~ons 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 res~denUal homesteads,
whichever mount shall be greater, shall be exempt from C~ty ad valorem taxes
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~ Pursuant to Artxcle VIII, Sectxon 1-b of the Texas Consntut~on, $25,000 of the
assessed value of ms~denOal homesteads of persons 65 years of age or older shall be exempt from
Cxty ad valorem taxes
~ Pursuant to Artxcle VIII, Sectton 1-b of the Texas Constitut~on, $10,000 of the
assessed value of residential homesteads of d~sabled persons shall be exempt from C~ty ad valorem
taxes
~ For enforcement of the collectxon of taxes hereby lemed, the City of Denton
shall have avmlable all rights and remethes provided by law
~ If any sectxon, subsection, paragraph, sentence, clause, phrase or word m flus
ordinance, or the apphcatxon thereof to any person or mmumstance xs held invalid by any court of
competent junsdmt~on, such holding shall not affect the vahd~ty of the remmnmg po~ons of th~s
orthnance and the C~ty Council of the City of Denton, Texas, hereby declares it would have enacted
such remmnmg po~ons despite any such mvahdxty
SECTION 9 Ttus ordinance shall become effective ~mmedmtely upon ~ts passage and
approval
PASSED AND APPROVED this the ..U~'-~-~ day of ~ ~ ~&2~~, 2000
EULINE BROCK, MAYOR
ATTEST
JEN~IFER W~ ALTERS, C~TY SECRETARY
HERB~U~TTORNEY
BY '~
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