HomeMy WebLinkAboutOrdinance 7929 ORDINANCE NO. 7 1 *'1
AN ORDINANCE PRESCRIBING THAT THE PROVISIONS OF
HOUSE BILL 1060 (ARTICLE 7174A, TEXAS REVISED CIVIL
STATUTES) , REGARDING THE VALUATION AND TAXATION OF
QUALIFIED OPEN SPACE LAND, SHALL NOT BE IMPLEMENTED
BY THE CITY OF FORT WORTH FOR THE 1979 TAX YEAR,
AND NAMING JANUARY 1, 1980 AS THE EFFECTIVE DATE
FOR IMPLEMENTING SUCH VALUATION AND TAXATION
PROCEDURES, AS CONTAINED IN SAID STATUTE, BY THE
CITY OF FORT WORTH.
WHEREAS, the Legislature of the State of Texas has, by
enacting House Bill 1060 (Article 7174A, Texas Revised Civil
Statutes) , directed that certain open space land which is used
for agricultural purposes be valued for ad valorem tax purposes
by local taxing jurisdictions at a value which. will reflect its
fair market value as determined by appraisal methods set forth
in said statute; and
WHEREAS, the valuation process for all property within the
City of Fort Worth for the tax year 1979 has progressed to such
an extent that implementation of the valuation methods set forth
in said statute will be impossible to effect for the tax year
1979; and
WHEREAS, the Legislature has, in Article 13 of said statute,
authorized local taxing jurisdictions to delay implementation of
such valuation processes for such land under such circumstances
until the 1980 tax year; NOW, THEREFORE, BE IT ORDAINED BY THE
CITY COUNCIL OF THE CITY OF FORT WORTH:
SECTION 1.
That the provisions of Article 7174A, Texas Revised Civil
Statutes, regardirig the valuation for ad valorem tax purposes of
qualified open space land, as that term is defined in said statute,
not be made effective as to such land located inside the corporate
limits of the City of Fort Worth or implemented by the City of
Fort Worth Tax Assessor-Collector until the tax year 1980, said
tax year beginning on January 1, 1980.
SECTION 2.
That the provisions of Article 7174A, Texas Revised Civil
Statutes, regarding the valuation and taxation of all qualified
open space land, as that term is defined in said statute, be made
effective as to the valuation and taxation of such land for the
1980 tax year and all subsequent years, as required under said
statute.
SECTION 3.
That for the 1980 tax year and all subsequent tax years,
the valuation and taxation of qualified open space land located
inside the corporate limits of the City of Fort Worth, be made
pursuant to the directives of the Legisl-ature as set forth in
Article 7174A, Texas Revised Civil Statutes, but in no event
shall any land be valued and taxed under said statute unless
the owner thereof shall timely submit his application for such
valuation and taxation as prescribed in said statute, and it is
so ordained.
APPROVED AS TO FORM AND LEGALITY:
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CITY ATTOAEY I •
ADOPTED: 9 `I
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City of Fort Worth, Texas
FILE WILSON LL/Mayor andCouncil Communication
HERCHERT
BAILIFF
DATE NUMBER REFERENCE SUBJECT: Agricultural Assessment Related PAGE
srd1A rH 6/26/79 G-4218 To House Bill 1060 1 of 1
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REED
IVORY. House Bill 1060, as passed by the Texas Legislature, provides for the orderly
implementation of the "Tax Relief Amendment." Most articles of the amendment are
effective as of January 1, 1979, and there is no local option whereby such imple-
mentation may be delayed. Provisions that are mandated to be effective January
1, 1979, are the exemption of intangible property, the exemption of household
goods and the personal effects not used for production of income, and limited ex-
emptions for residential homesteads to be applied to school taxes only. These
mandated exemptions have created a considerable work load within the Tax Office
and will result in a loss in revenue, not yet determined.
The article providing for the assessment of agricultural land on the basis of in-
come from agricultural use is not mandated for-1979, and may be delayed until
January 1, 1980, upon action by the local governmental agencies.
Passage of the attached ordinance is recommended due to the limited time remain-
ing for completion of the Tax Rolls for 1979, as well as the estimated loss in
both City and School tax revenues.
The Fort Worth Independent School District is proposing a companion resolution
affecting school taxes for the 1979 assessment year.
Recommendation:
City Council adoption of this ordinance is recommended.
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Attachment
SUBMITTED FOR T OISPOSITfOY COUNCIL: PROCESSED BY
CITY MANAGER'S
OFFICE BY: APPROVED ^ !►Y�
ORIGINATING rn�.a _ OTH,E (4F� RISE) yU�
DEPARTMENT HEAD: Bobby Reed CITY SECRETARY
FOR ADDITIONAL INFORMATION Bobby Reed/6665 DATE
CONTACT: