HomeMy WebLinkAboutOrdinance 10390
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ORDINANCE NO. ~~
AN ORDINANCE PROVIDING FOR THE LEVY AND COL-
LECTION OF AN ANNUAL AD VALOREM TAX ON ALL
PROPERTY, REAL, PERSONAL AND MIXED, SITUATED
WITHIN THE TERRITORIAL LIMITS OF THE CITY OF
FORT WORTH, TEXAS, AND ALL PERSONAL PROPERTY
OWNED IN SAID CITY OF FORT WORTH, TEXAS, ON
THE FIRST DAY OF JANUARY, A.D. 1989, EXCEPT
SUCH PROPERTY AS MAY BE EXEMPT FROM TAXATION
BY THE CONSTITUTION AND LAWS OF THE STATE OF
TEXAS.
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF FORT
WORTH, TEXAS:
SECTION I.
There is hereby levied, adopted and shall be collected by
the City of Fort Worth, Texas, as provided by law, an annual ad
valorem tax for the year 1989, at the rate of_ $0.8990 on every
One Hundred Dollar ($100.00) valuation on all property, real,
personal and mixed, situated in, and all personal property owned
in, the City of Fort Worth, Texas, on the first day of January,
A.D. 1989, liable under the law to taxation and not exempt there-
from by the Constitution and laws of the State of Texas. The ad
valorem tax rate is divided into a maintenance and operation levy
of $0.6023 for general fund operations and a debt levy of $0.2967
for servicing outstanding debt obligations.
SECTION II.
The debt portion of the tax levy which is hereinbefore made
is to provide for the payment of interest and to create a redemp-
tion fund to discharge and pay principal and interest on any obli-
gations due or owing by the City of Fort Worth, Texas, and shall
not be taken as an addition to levies for the same purpose in the
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respective ordinances authorizing and creating such obligations,
but the levy hereinbefore made is made pursuant to and for the
purpose of c arrying out and complying with the provisions of said
prior ordinances. The Chief Accounting Officer shall pay each
week to the General Debt Service Fund thirty-three percent
(33.OOg) of the current taxes collected.
SECTION III.
The taxes provided for herein are levied upon all taxable
property, real, personal and mixed, situated in, and all personal
property owned in, the City of Fort Worth, Texas, as assessed,
valued and described in the assessment tax rolls and the tax
books of the City of Fort Worth, Texas, for the year 1989, and
any supplemental assessments thereof, as the same have been or
shall be presented to the City Council of the City of Fort Worth,
Texas, by the Assessor and Collector of Taxes of said City of
Fort Worth, Texas.
SECTION IV.
The taxes provided for herein are due on receipt of a tax
bill and are delinquent if not paid before February 1, 1990.
Failure to send or receive the tax bill shall not, however,
affect the validity of the taxes, penalty or interest herein
imposed, the due date, the existence of a tax lien, or any proced-
ure instituted to collect such taxes, penalty or interest.
SECTION V.
A delinquent tax incurs a penalty of six percent (6~) of 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
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month the tax remains unpaid prior to July 1, 1990. However, a
tax delinquent on July 1, 1990, incurs a total penalty of twelve
percent (120) of the amount of the delinquent tax without regard
to the number_ of months the tax has been delinquent.
SECTION VI.
In addition to the penalty set out above, a delinquent tax
accrues interest at a rate of one percent (1~) for each month or
portion of a month the tax remains unpaid. Said interest of one
percent (10) per month shall be added to said taxes in the event
the payment thereof shall become delinquent as above set forth,
and said interest shall attach on the first day of each month
thereafter until the taxes shall have been paid, which interest
and the penalty provided for above shall be and become a part of
said taxes and be payable as such.
SECTION VII.
A tax delinquent on July 1, 1990, incurs an additional
penalty of fifteen percent (150) of the amount of the delinquent
tax, penalty and interest to defray costs of collection. Such
fifteen percent (15~) penalty is imposed pursuant to Section 6.30
of the Property Tax Code and is in addition to the other pen-
alties and interest which are due and owing according to law.
SECTION VIII.
Such taxes, penalty and interest shall be and become a lien
upon the property on which the taxes are levied, as prescribed by
the Charter of the City of Fort Worth, Texas, and the laws of the
State of Texas, and such lien shall be and is hereby m ade a para-
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mount, first and superior lien to all other liens whatsoever on
the property on which said taxes are levied.
SECTION IX.
Should any part, portion, section or part of a section of
this ordinance be declared invalid or inoperative or void for any
reason by a court of competent jurisdiction, such decision,
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opinion or judgment shall in no way affect the remaining
portions, parts, sections or parts of sections of this ordinance,
which provision shall be, remain and continue to be in full force
and effect.
SECTION X.
This ordinance shall take effect and be in full force and
effect from and after the date of its passage as provided by law.
APPROVED AS TO FORM AND LEGALITY:
City Agt~torney
Date: 1'~ ~ ~~~
ADOPTED: ~ -- ~ ~~~
EFFECTIVE: ~ -- ~ ~r~~
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