HomeMy WebLinkAbout81-2458 ordORDINANCE NO. 81-2458
AN ORDINANCE LEVYING MUNICIPAL AD VALOREM TAXES FOR THE CITY OF
PLAINVIEW, TEXAS, FOR THE YEAR 1981: DIRECTING THE ASSESSMENT
AND COLLECTION THEREOF: AND DECLARING AN EMERGENCY.
WHEREAS, the City Council finds that the tax for the Year
1981, hereinafter levied for current expenses and general im-
provement of the City and its property, must be levied to pro-
vide for the ensuing year, and
WHEREAS, the City Council further finds that the taxes for
the Year 1981, hereinafter levied, there, fore, are necessary to
pay interest and to provide sinking fund on outstanding bonds
maturing in the ensuing year: NOW, THEREFORE,
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF PLAINVIEW
Section 1: There is hereby levied and there shall be collected
for the use and support of the Municipal government, and to pro-
vide interest and sinking funds, a tax of forty-eight and sixty-
three hundredths cents ($0.4863) 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 speci-
fic 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 and its property, there is hereby levied and ordered
to be assessed and collected for the Year 1981 on all pro-
perty situated within the limits of the City, and not exempt
from taxation by valid laws, an ad. valorem tax at the rate
of forty-two and one-hundredth cents ($0.4201) on the one
hundred ($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 1981 on all property situated
within the Iimits of the City and not exempt from taxation
by valid laws, an ad valorem tax for each issue of bonds
described in this section, the sum of said levies being
six and sixty-two hundredths cents ($0.0662) on the hundred
dollars ($100) valuation of such property, said bond issues
and amount of the levies being as follows:
BOND %SSUE
TAX RATE PER $100 VALUATION
G. O. Bonds, Series 1966
G. O. Bonds, Series 1974
G. O. Bonds, Series 1976
$ .0308
.0169
· 0185
TOTAL $ .0662
Section 2: That the ad valorem taxes levied shall beeome due on
October 1, 1981, and may be paid up to and including the following
January 31, without penalty, but if not so 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 month that the delinquent taxes 'remain unpaid.
MONTH PENALTY INTEREST RATE
February 1 6% 1%
March 1 7 2
April 1 8 3
May 1 9 4
June 1 10 5
July 1 12 6
August 1 12 7
The rate of interest~to be collected on delinquent taxes shall be
1% per month for each month they remain unpaid. On July 1, the
total penalty incurred on delinquent taxes shall be 12% without
regard to the nl~ber of months the tax is delinquent. Accrual of
interest at 1% per month for each month taxes remain unpaid contin-
ues until taxes are paid.-
Section 3: The taxes herein levied shall 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
encumbrances, and this lien shall attach to personal property to the
same extent and priorities as to real estate. The liens provided
herein attached as of January 1, 1981.
Section 4: Whereas an emergency is apparent for the immediate pre-
servation of order, health, safety and general welfare of the public,
which emergency requires suspension of any and all rules requiring
more than one reading; and this Ordinance shall be passed and take
effect as an emergency measure and be in full force and effect from
and after the 1st day of October, 1981~ and it is so Ordained.
PASSED AND APPROVED September 29~ 1981.
ATTEST:
WALTER S. DODSON, City Clerk