HomeMy WebLinkAboutOrdinance 3373 ORDINANCE NO. 3373
AN ORDINANCE SETTING THE TAX RATE FOR THE CITY OF NORTH
RICHLAND HILLS FOR THE 2015 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 Tax Year 2015, Fiscal Year 2015/2016, for the purposes hereinafter
stipulated, to-wit:
(a) For maintenance and operations levied on the $100.00 valuation;
$0.364731; and
(b) For interest and sinking levied on the $100.00 valuation;
$0.245269.
SECTION 2. That the tax rate for maintenance and operations of$0.364731 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 $0.364731 exceeds the
effective maintenance and operations rate of$0.340745, therefore:
THIS TAX RATE WILL EFFECTIVELY BE RAISED BY 7.04
PERCENT AND WILL RAISE TAXES FOR MAINTENANCE
AND OPERATIONS ON A $100,000 HOME BY
APPROXIMATELY $23.98.
Ordinance No. 3373
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PASSED AND APPROVED on this the 14th day of September, 2015.
CITY OF •RTH 4 LAND HILLS
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By:
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Oar Trevino, Mayor
ATTEST:
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Alicia Richardson, City Secretor r :�
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APPROVED AS TO FORM AND LEGALITY:
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George A'Stap es, City Attorney
APPROVED AS TO CONTENT:
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Mark C. Mills, Director of Budget & Research
Ordinance No. 3373
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