HomeMy WebLinkAboutOrdinance 3112 ORDINANCE NO. 3112
AN ORDINANCE SETTING THE TAX RATE FOR THE CITY OF NORTH
RICHLAND HILLS FOR THE 2010/2011 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, 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 2010/2011 for the purposes hereinafter stipulated, to -wit:
(a) For operations and maintenance levied on the $100.00 valuation:
$0.370219; and
(b) For the interest and sinking fund levied on the $100.00 valuation:
$0.199781.
TOTAL: $0.570000
SECTION 2. THAT HB 2291, passed during the 81 Session of the Texas State
Legislature, requires the following language to be included in an
ordinance adopting a tax rate that will impose an amount of taxes for
maintenance and operations that exceeds the taxes imposed for that
purpose in the preceding year:
THIS TAX RATE WILL RAISE MORE TAXES FOR
MAINTENANCE AND OPERATIONS THAN LAST YEAR'S
TAX RATE. THE TAX RATE WILL EFFECTIVELY BE
RAISED BY 4.35 PERCENT AND WILL RAISE TAXES FOR
MAINTENANCE AND OPERATIONS ON A $100,000 HOME
BY APPROXIMATELY $16.10.
SECTION 3. THAT the total tax rate of $0.570000 will impose Tess total property taxes
than the preceding year, generating Tess total revenue from property tax
in Fiscal Year 2010/11 in comparison to Fiscal Year 2009/10.
Ordinance No. 3112
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PASSED AND APPROVED on this the 13th day of September, 2010.
CITY OF O' TH - "LAND HILLS
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By: A AA `
Oscar Tr -no Mayor
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' a ic{id • 'J . n, City Secretary
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APP . 1 AS TORM AND LEGALITY:
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George A. Stapl s, City Attorney
APPROVED AS TO CONTENT:
Mark C. Mills, Budget Director
Ordinance No. 3112
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