HomeMy WebLinkAboutOrdinance 1567
ORDINANCE NO. 1567
AN ORDINANCE LEVYING A TAX RATE FOR THE CITY OF
NORTH RICHIAND HILLS, TEXAS FOR THE 1988 TAX YEAR
BE IT ORDAINED AND ORDERED BY THE CITY COUNCIL
OF THE CITY OF NORTH RICHLAND HILLS THAT:
We, the City Council of the City of North Richland Hills do
hereby levy or adopt the tax rate on $100 valuation for this City for tax year
1988 as follows:
$ .2069 for the purposes of maintenance and operation.
$ .2329 for the payment of principal and interest on debt of
this City.
$ .4398 total tax rate.
The tax assessor-collector is hereby authorized to assess and
collect the taxes of the City of North Richland Hills on this 26th day of
September, 1988.
1.
That there is hereby levied and shall be collected as provided by
law, an Ad Valorem tax for the year 1988 on all property, real and personal,
except such property as may be exempt from taxation by Constitution and the
statutes of the State of Texas, and ordinances and resolutions of the City of
North Richland Hills, situated wi thin the corporate limits of the City of North
Richland Hills, Texas, on January 1, 1988, and that the amJunt to be applied to
the value of such property shall be 43.98¢ per $100.00 valuation.
2.
That the tax so levied and assessed shall be apportioned to the
accounts and funds in the am:::>unt as set forth ab::>ve. The arrounts collected for
payment of principal and interest on debt of the City shall be deposited into
an interest and sinking fund for that purpose until a total of $3,269,280 is
deposited from the 1988 Ad Valorem tax levy. A three percent (3%)
uncollectible factor is imputed.
3.
That the taxes provided for herein are in accordance with the
appropriate State statues.
4.
Ad Valorem taxes levied by this Ordinance shall be due and
payable on October 1, 1988, and shall beccme delinquent on the first day of
February, 1989. Payment of such tax is due in one full installment.
5.
If the tax is unpaid after February 1, 1989, such tax will beCOIœ
delinquent and penalty and interest will attach and accrue as provided by the
Statures of the Texas Property Tax Code See. 33.01.
ORDINANCE NO. 1567
Page Two
6.
In the event the taxes becaœ delinquent and in the event such
delinquent taxes are referred to an attorney for collection, an additional
amount of fifteen percent (15%) of the total amount of tax, penalty and
interest then due shall be added as collection costs to be paid by the taxpayer.
7.
Taxes herein levied and uncollected shall be a first prior and
superior lien against the property, and the said lien shall be superior liens
charges, and encumbrances, and such lien shall attach to personal property with
the same priority as to real property.
8.
The lien provided herein shall be attached as of January 1, 1988.
9.
Should any section, provision or clause of the Ordinance be
declared by a court of canpetent jurisdiction to be invalid, the same shall not
affect the validity of the Ordinance as a whole or any part thereof other than
the part so declared to be invalid.
10.
The Ordinance shall becaœ effective from and after the date of
its approval and adoption as provided by law.
PASSED AND APPROVED by the City Council of the City of North
Richland Hills, Texas, upon first and final reading, at a regular meeting on
the 26th day of September, 1988.
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rt:nette Rewis - City Secretary
APPROVED AS TO FORM AND LEGALITY:
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