HomeMy WebLinkAbout83-2525 ord
ORDINANCE NO. 83-2525
AN ORDINANCE LEVYING MUNICIPAL AD VALOREM TAXES FOR .THE CITY OF
PLAINVIEW, TEXAS, FOR THE YEAR 1983, DIR}~C"I'ING THE .ASSESSMEN'T' AND
COLLECTION THEREOF.
V~IHEREAS, the City Council finds than the tax .for the Year
1.983, hereinafter levied for current expenses and general
improvement of the City and its property, must be levied to provide
for the ensuing year, and
~S, the City Council further finds that the taxes for
the Year 1983 hereinafter levied, therefore, are necessary to
pay interest and. to provide a sinking fwzd on outstanding bonds
maturing in the ensuing year: NOw, THEE2EJORE,
BE IT ORDAINID BY THE CITY COUNCIL OF THE CITY OF PLAIlWIEW:
SECTION l: There is hereby levied and thi~re shall be collected
for the use and support of the Municipal government, and to provide
interest and sinking funds, a tax of fifty-six and no hundredths cents
($0.5600) on the one hundred dollars ($100) valuation of all
property, real, personal and mixed within the corporate limits of
said City, subject to taxation, for the specific purposes herein
set forth:
(A) For the current expenditures of the City of Plainview
and for the general improvement, use and support of the City
ar~d its property, there is hereby levied and ordered to be
assessed and collected for. the Year 1983 on all property
situated. within the limits of the City, and not exempt from
taxation by a valid law, an ad valorem. tax at the rate of
forty-eight and eighty-five hundredth cents ($0.4885) on the
one hundred dollars ($100) valuation of such property.
(B) For the purpose of paying interest and providing a
sinking fund for the payment of each issue of Municipal
Bonds, there is hereby levied and ordered to be assessed
and collected for-the Year 1983 on all property situated
within the limits of the City and not exempt from taxation
by a valid law, and ad valorem tax for each issue of bonds
described in this section, the sum of said levies being
seven and fifteen hundredth cents ($0.0715) on the hundred
dollars ($100) valuation of such property, said bond issues
and amounts of the levies being as follows:
BOND ISSUE
G.O. Bonds, Series 1966
G.O. Bonds, Series 1974
G.O. Bonds, Series 1976
TOTAL
TAX RATE PER $100 VALUATION
$ 0.0328
0.0190
0.0197
$ 0.0715
~,.-~ .~
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SECTION 2: That the ad valorem taxes levied shall become due on
October 1, 1983, and may. be paid up to ar.~d including the following
January 31B without penalty, but if :not s~o paid, such taxes shall
become delinquent on the following day, February 1, and the penalty
and interest designated herein shall be collected for each month
or portion of the month that the delinquE~nt taxes remain unpaid.
PE~1AL7'Y INTEREST RATE
February 1 6% to
March 1 7 2
April 1 8 3
May 1 9 4
June 1 10 5
~7uly 1 12 6
The rate of interest to be collected on delinquent taxes shall be
one per cent (1a) per month for each moni,~h they remain. unpaid. On July
1, the total penalty incurred on delinquent taxes shall be twelve per
cent (12%) without regard to the number of months the tax is delinquent.
Accrual of interest at one per cent (1%) per month for each month taxes
remain unpaid continues until the taxes <~.re paid.
SECTION 3: The taxes. herein levied shal:L be a first and prior
lien against the property upon which they are assessed. and the said
first lien shall be superior and prior to all other liens, charges
and encLUnbrances, and this lien shall attach to personal property
to the same extent and priorities as real estate. The. liens provided
herein attached as of January 1, 1983.
PASSID OTQ FIRST READING THIS 22th DAY OF S~'T'F~ER, 1983.
PASSED AND APPROVED ON SECOND AND FINAL READING. THIS
DAY OF 5EP ER, 1983.
E. V. RIDLEEIiJBER, Mayor
ATTEST:
.~ ~
Fn7ALTER S. DODSON, City Clerk