HomeMy WebLinkAboutOrdinance 2851
ORDINANCE NO. 2851
AN ORDINANCE SETTING THE TAX RATE FOR THE CITY OF
NORTH RICHLAND HILLS FOR THE 2005-2006 TAX YEAR.
WHEREAS, the City of North Richland Hills has followed the procedures established by
the Property Tax Code, including the publishing and posting of required
notices and the holding of required public hearings; and,
WHEREAS, the City Council has approved separately each of the two components of the
tax rate hereinafter set forth; NOW, THEREFORE,
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF NORTH
RICHLAND HILLS, TEXAS:
Section 1:
THAT there shall be and there is hereby levied the following taxes on each
One Hundred Dollars ($100.00) of valuation on all taxable property within
the City of North Richland Hills, Texas, to be assessed and collected for the
year 2005-2006 for the purposes hereinafter stipulated, to-wit:
(a) For operations and maintenance levied on the $100.00 valuation:
$0.344324; and
(b) For the interest and sinking fund levied on the $100.00 valuation:
$0.225676.
TOTAL:
$0.570000
Section 2:
THIS T AX RATE WILL RAISE MORE TAXES FOR MAINTENANCE
AND OPERATIONS THAN LAST YEARS TAX RATE. THE TAX RATE
WILL RAISE TAXES FOR MAINTENANCE AND OPERATIONS OF A
$100,000.00 HOME BY APPROXIMATELY $11.00.
AND IT IS SO ORDAINED.
Passed on this 26th day of September, 2005.
By:
Ordinance No. 2851
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Pat~la 1!uh1otf;·C&t.1,lSecretary
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APPROVED AS TO CONTENT:
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Drew Com, Budget Director
Ordinance No. 2851
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