HomeMy WebLinkAboutOrdinance 2905
ORDINANCE NO. 2905
AN ORDINANCE SETTING THE TAX RATE FOR THE CITY OF NORTH
RICHLAND HILLS FOR THE 2006-2007 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 2006-2007 for the purposes hereinafter stipulated, to-wit:
(a) For operations and maintenance levied on the $100.00 valuation:
$0.346951; and
(b) For the interest and sinking fund levied on the $100.00 valuation:
$0.223049.
TOTAL:
$0.570000.
SECTION 2: THIS TAX 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 $2.63
PASSED AND APPROVED this the 11 th day of September, 2006.
Ordinance No. 2905
Page 1 of 2
George A. ta es, City Attorney
APPR9¡tD ,. S TO CONTENT:
I ¡ Li
M ~
Drew· orn, Budget Director
Ordinance No. 2905
Page 2 of 2