HomeMy WebLinkAboutOrdinance No. 05 32 Prop Tax AN ORDINANCE OF THE C1T
THE AD VALOREM TAXES FOR TH}
PROPERTY WITHIN THE CORPORA
PARK AS OF JANUARY 1, 2005, TO P]
CURRENT EXPENDITURES; PROVIDI
IN CONFLICT; PROVIDING A SEV
EFFECTIVE DATE.
WHEREAS, all notices have been
adopt a tax rate for 2005; NOW, THEREFO[
BE IT ORDAINED BY THE CIT
PARK, TEXAS:
SECTION 1. That there be and is he
real, personal and mixed, situated within th~
January 1, 2005, and not exempt by the Co:
$0.30958 on each $100.00 assessed valual
apportioned and distributed as follows:
(A) $0.30958 on each and every $
assessed to provide revenues ft
current expenses thereof; and
(B) That no rate is set for debt ser~
no bonded indebtedness.
SECTION 2. That all ad valorem tax
and all ad valorem taxes for the year shall
addition to any statutory exemptions for the
General Homestead Exemption of twenty per
five Years of Age Exemption of $50,000.00 on
E NO. 05/32
OF UNIVERSITY PARK, TEXAS, LEVYING
FISCAL YEAR 2005-2006 ON ALL TAXABLE
TE LIMITs OF THE CITY OF UNIVERSITY
~OVIDE REVENUES FOR THE PAYMENT OF
~IG FOR THE REPEAL OF ALL ORDINANCES
;RABILITY CLAUSE; AND PROVIDING AN
iven and public hearings held as required by law to
Y COUNCIL OF THE CITY OF UNIVERSITY
reby levied for the year 2005, on all taxable property,
limits of the City of University Park, Texas as of
tstitution of the State and valid State laws, a tax of
ion of taxable property, and such taxes shall be
.00.00 valuation of said property is hereby levied and
r maintenance and operations of City govemment and
'ice because the City of University Park currently has
:s shall become due and payable on October 1, 2005,
~ecome delinquent after January 31, 2006. That in
~005 tax year, the City Council hereby authorizes a
',ent (20%) of the assessed value and an Over Sixty-
the assessed value.
SECTION 3. That a delinquent tax shall incur all penalty and interest authorized by law,
including a penalty of six percent (6%) on the amount of the tax for the first calendar month it is
delinquent, plus one percent (1%) for each additional month or portion of a month the tax remains
unpaid prior to July 1 of the year in which it becomes delinquent. A tax delinquent on July 1 incurs
a total penalty of twelve percent (12%) of the amount of the delinquent tax, without regard to the
number of months the tax has been delinquent. A delinquent tax shall also accrue at the rate of one
percent (1%) for each month or portion of a month the tax remains unpaid. Taxes that remain
delinquent on July 1, 2006, incur an additional penalty of fifteen percent (15%) of the amount of the
taxes, penalty and interest due. Such additional penalty is to defray costs of collection due to a
contract with the City's tax collection attorney pursuant to Section 33.07 of the Tax Code.
SECTION 4. That all ordinances of the City of University Park in conflict with the
provisions of this ordinance are hereby repealed.
SECTION 5. That should any sentence, paragraph, subdivision, clause, phrase or section of
this ordinance be adjudged or held to be unconstitutional, illegal or invalid, the same shall not
affect the validity of this ordinance as a whole or any part or provision thereof other than the part
thereof decided to be unconstitutional, illegal or invalid.
SECTION 6. This ordinance shall take effect on October 1, 2005.
DULY PASSED by the City Council of the City of University Park, Texas, on the 6th day
of September, 2005.
NINA WILSON~ CITY SECRETARY