HomeMy WebLinkAboutOrdinance 0990
ORDINANCE NUMBER990
BE IT ORDAINED by the City Council of the City of North Richland
Hills, Texas, that Ordinance Number 980, "Levy and Collection of Ad Valorem
Tax on Property," adopted October 11, 1982 is hereby amended at Section 1
and Section 2 to read as follows:
1.
That there is hereby levied and shall be collected as provided by law an
ad valorem tax for the year 1982 on all property, real and personal, except such
property as may be exempt from taxation by the Constitution and the statutes of
the State of Texas, situated within the corporate limits of the City of North
Richland Hills, Texas, on January 1, 1982, and that the amount to be applied to
the value of such property shall be $0.57 per $100.00 valuation.
2.
That the tax so levied and assessed shall be apportioned to the following
accounts and funds in the amount set forth:
General Fund
Debt Service Fund:
$0·35
$0. 22
Collection of taxes levied shall be deposited to the credit of each of the above
accounts and funds in their proportionate share of the total levy and after taking
into consideration a three percent (3%) uncollectable factor which is to be accounted
for in the General Fund.
Passed and approved this
22nd
day of
November
, 1982.
/:t~ (6 ,~ku{n-z/
D~6k Faram - Mayor
ATTEST:
-ì ~
LLà-d1:t¡/ / / /t~~
~anette Moore - City Secretary
v
APPROVED AS TO FORM AND /,ITY:
r
Sam pIe Worksheet
for the Calculation of
the Effective Tax Rate
by Cities & Special Districts
L ASSUMPTIONS
1. 1981 Total Tax Levy from the 1981 Tax Roll ..................................... $
2. 1981 Tax Rate {$ .47 M&O and $ ~ I&S)........ .............................. $
3. 1981 Debt Service (I&S) Levy................... . . . . . . . . . . ~-z: . . . . . . . .. . . . . . . . . . .. $
4. 1981 ~laintenance and Operation (M&O) Levy. . . .. . .. .. . .. . ... . . . . . . . . . .. . .. . . .. . $
5. 1981 Taxes Levied for Maintenance and Operation (M&O) on Property in Territory
that Has Ceased to be a Part of the Unit in 1982.................................. $
6. 1981 Taxes Levied for Maintenance and Operation (M&O) on Taxable Value of
Property Becoming Exempt in 1982 ..............................................
7. 1981 Taxes Levied for Maintenance and Operation (M&O) ·on Taxable Value of
Property Lost Because Property is Required to be Appraised in 1982 at Less than
Mar ke t Val ue ...................................................................
8. 1982 Total Taxable Value of All Property ........................................
9. 1982 Taxable Value of New Improvements Added Since January 1, 1981...........
10. 1982 Taxable Value of Property Added Since January 1, 1981, by Annexation of
Territory .......................................................................
11. 1982 Tax Levy Needed to Satisfy Bonded Indebtedness or Debt Service (I&S) . . . . . .
u. CALCULATION
3,268,259
.69/$100
1,042,316
2,225,943
-0-
$ 8,338
$ 1 0 , 834
$ _645,669.207
$ 23,432,780
$
$
-0-
1,421,365
MAINTENANCE AND OPERATION (M&:O) TAX RATE FOR 1982
1. (A) 1982 Total Taxable Value of All Property (Assumption No.8) ................. $ 645,669,207
(B) Subtract 1982 Taxable Value of New Improvements Added (Assumption No.9) - $ 23.432.780
(C) Subtract 1982 Taxable Value of Property Added by Annexation (Assumption No.
10) ......................................................................
(D) Adjusted 1982 Taxable Value for Calculation..... .............................
_ $ -0-
$ ~236,427
2. (A) 1981 Total Tax Levy from the 1981 Tax Roll (Assumption No.1) . . .. . . . . . . . . . ..
(B) Subtract 1981 Taxes Levied for Maintenance and Operation (M&O) on Property in
Territory that Has Ceased to be a Part of the Unit in 1982 (Assumption No.5)
(C) Subtract 1981 Debt Service (I&S) Levy (Assumption No.3) ................
(Dj Subtract 1981 Taxes Levied for Maintenance and Operation (M&O) on Taxable
Value of Property Becoming Exempt in 1982 (Assumption No. 6j ...........
-$
-$
$
3.268,259
-0-
1,042,316
10
_$ 8,338
COMPLIANCE,"32
(E) Subtract 1981 Taxes Levied for Maintenance and Operation (M&O) on Taxable
Value of Property Lost Because Property is Required to be Appraised in 1982 at Less
than Marketyalue (Assumption No.7). . .. .. . . . . . . .. . . .. ... . .. .. .. . . ... . .. . .. - $
(F) Adjusted 1981 Tax Levy for Calculation. .. . . .. . .. . . . .. .. .. .. .. .. .. . . .. .. .. .. .. $
\
10,834 \
2,206,771 '
3. (A) Adjusted 1981 Tax Levy for Calculation {2F above)............................ $ 2,206,771
(B) Divided by Adjusted 1982 Taxable Value for Calculation (lD above) .......... + $62Z.236.427
Multiplied by $100 Valuation............................................. ... .0035465 X $100
(C) Calculated Maintenance and Operation (M&O) Rate For 1982 .................. $,.35465 /$100
INTEREST AND SINKlNG RATE FOR 1982
4. (A) 1982 Tax Levy Needed to Satisfy Bonded Indebtedness or Debt Service (I&S)
(Assumption No. 11) .........................................................
(B} 1982 Total Taxable Value of All Property (Assumption No.8) . . . . . . . . . . . .. . . . ..
(C) Divide the Adjusted 1982 Tax Levy for Debt Service (I&S) (4A above) by the
Adjusted 1982 Taxable Value for 1&:5 (4B above]....................
($ -+ $ ) ..................................................
$ 1,421,365
$645.669.207
$ '1~421,365
$645,669,207
Multiplied by $100 Valuation .............................................. .0022013 X $100
(D) Calculated Interest and Sinking (1&5) Rate for 1982 ........................... $' .22013 /$100
5. (A) Calculated Maintenance and Operation (M&O) Rate for 1982 (3C above) .......
$
.35465
/$100
(B) Add Calculated Interest and Sinking (1&5) Rate for 1982 (4H above) ....... ... + $ .22013 /$100
(C) Calculated 1982 Effective Tax Rate ........................................... $ .57478
1982 Effective Tax Rate is the tax rate published by the tax assessor. as required by Sec.
26.04 of the Property Tax Code. See sample form on page 18.
m. MAXIMUM TAX RATE
1. (AI Calculated 1982 Effective Tax Rate (5C above) ................................ $
(B) Multiplied by Three Percent (3%) ......................................... ...
(C) Equals Amount of Increase Allowed by Code.... .. .. . .. .. . .. .. .. .. .. .. .. .. .. .. $
(D) 1982 Maximum Tax Rate (lA + 1C, above).. .. .... .... .. ...................... $
1982 Maximum Tax Rate is the tax rate which. if exceeded. triggers the public notice and
public hearing requirements of Sec. 2S.0S of the Property Tax Code. See sample notices on
page 21 and 22.
COMPLIANCEI'82
.57478 /$100
X .03
.01724
.59202 /$100
11
CITY OF NORTH RICHLANV HILLS
Analff.6,w 0 ð M & 0 Ra;te.
1982 TOTAL TAXABLE VALUE $645,669,207 $645,669,207 $645,669,207 $645,669,207
Mainte.nanc.e. & OpeJz.at,i.On.6 Ra;te. .35 .35465 .37189 .35478
REVENUE (97%) 2,192,047 2,221,170 2,329,144 2 , 22 1 , 984
BUVGET FIGURE 2,320,240 2,320,240 2,320,240 2,320,240
OVER ( UNVER) BUVGET AMOUNT $ (128,193) $ (99,070) $ 8,904 $ (98,256)