HomeMy WebLinkAboutOrdinance 3218 ORDINANCE NO. 3218
AN ORDINANCE SETTING THE TAX RATE FOR THE CITY OF NORTH
RICHLAND HILLS FOR THE 2012 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 hearing; 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 Tax Year 2012, Fiscal Year 2012 -2013, for the purposes hereinafter
stipulated, to -wit:
(a) For operations and maintenance levied on the $100.00 valuation;
$0.351076; and
(b) For the interest and sinking levied on the $100.00 valuation;
$0.258924.
TOTAL: $0.610000
SECTION 2. THAT the tax rate for operations and maintenance of $0.351076 will
impose an amount of taxes that exceeds the amount of taxes imposed for
that purpose in the preceding year, therefore:
THIS TAX RATE WILL RAISE MORE TAXES FOR
MAINTENANCE AND OPERATIONS THAN LAST YEAR'S
TAX RATE.
SECTION 3. THAT the maintenance and operations tax rate of $0.351076 exceeds the
effective maintenance and operations rate of $.335198, therefore:
THE TAX RATE WILL EFFECTIVELY BE RAISED BY 4.74
PERCENT AND WILL RAISE TAXES FOR MAINTENANCE
AND OPERATIONS ON A $100,000 HOME BY
APPROXIMATELY $15.88.
Ordinance No. 3218
Page 1 of 2
PASSED AND APPROVED on this the 10 day of September, 2012.
CITY OF RTH LAND HILLS
�o`tia��� �a8nn °ti�tlgr
��`,�N � T C ••.� r r4y oi
o ff: • � By:
Oscar vino, Mayor
ATTEST
Patricia Huts retary
APPROVED S TO FORM AND LEGALITY:
George A. Staples, City Attorney
APPROVED AS TO CONTENT:
Mark Mills, Budget Director
Ordinance No. 3218
Page 2 of 2