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HomeMy WebLinkAboutOrdinance 8644;. ORDINANCE NO 8 ~ ~ y AN ORDINANCE PROVIDING FOR THE LEVY AND COL- LECTION OF AN ANNUAL DIRECT AD VALOREM TAX ON ALL PROPERTY, REAL, PERSONAL AND MIXED, SITU- ATED WITHIN THE TERRITORIAL LIMITS OF THE CITY OF FORT WORTH, TEXAS, AND ALL PERSONAL PROPERTY OWNED IN SAID C ITY OF FORT WORTH, TEXAS , ON THE F IRST DAY OF JANUARY, A D. 1982, 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 and shall be collected, as provided by law, an annual direct special ad valorem tax for the year 1982, for the General Fund operations and for servicing of General Obligation Bonds outstanding of the said City of Fort Worth of $0 8500 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 1982, liable under the law to taxation and not exempt therefrom by the Constitution and laws of the State of Texas The ad valorem tax rate of $0 8500 is-divided by an operating levy of $0 5500 and a General Obligation debt levy -- "'_~ .. -..:~. ~ of $0 3000~~--~The,__Controller of Accounts shall pay each week to the Interest and Redemption Fund thirty-five percent (35s) of the current taxes collected for General Fund operations and debt service until $21,970,000 has been paid to the Interest and Redemption Fund, after which all of said collections will remain in the General Fund In this way the General Fund will absorb any Interest and Redemption Fund delinquencies and in consideration of which will receive all delinquent tax collections during the entire year SECTION II The tax levy which is hereinbefore made shall provide for the payment of interest and create a redemption fund or discharge and pay principal and interest on any obligations due or owing by the City of Fort Worth, Texas, and shall not be taken as an addi- tion to levies for the same purpose in the respective ordinance authorizing and creating such obligations, but the levy herein- before made is made pursuant to and for the purpose of carrying out and complying with the provisions of said prior ordinances, and ad valorem taxes 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 1982, and any supple- mental 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 III. The taxes herein levied and authorized and required to be collected are due on receipt of a tax bill and are delinquent if not paid before February 1, 1983. 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 procedure instituted to collect such taxes, penalty or interest. SECTION IV. If a person pays one-half of the taxes required to be paid by virtue of this ordinance before December 1 , 1 982, he may pay the remaining one-half of such taxes without penalty or interest at any time before July 1, 1983. SECTION V. (a) A delinquent tax incurs a penalty of six (6) percent of the amount of the tax for the first calendar month it is delin- quent plus one (1) percent for each additional month or portion of a month the tax remains unpaid prior to July 1, 1983. However, -2- „~ a tax delinquent on July 1, 1983, incurs a total penalty of twelve (12) percent of the amount of the delinquent tax without regard to the number of months the tax has been delinquent. (b) If a person who exercises the split payment option provided by Section IV above fails to make the second payment before July 1, 1983, the second payment is delinquent and incurs a penalty of twelve (12) percent of the amount of the unpaid tax. SECTION VI. In addition to the penalty set out above, a delinquent tax accrues interest at a rate of one (1) percent for each month or portion of a month the tax remains unpaid. SECTION VII. Said interest of one percent (1$) per month shall be added to said taxes in the event the payment thereof shall become de- linquent 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; and provided further that in the event of the publication of the delinquent tax lists, or if suit is brought to recover such taxes, penalty and interest and the delinquent taxpayer shall be subject to the payment of said taxes, penalty, interest and costs, and the same shall be and become a lien upon the property of such taxpayer, as prescribed by the Charter of the City of Fort Worth, Texas, and the laws of the State of Texas, the said taxes with penalty, interest and costs shall be and become and they are hereby made a paramount lien to all other liens whatso- ever on the property on which said taxes are levied. SECTION VIII. 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, opinion or judgment shall in no way affect the remaining por- ~~ -3- .~ .. {~. `,~ tions, parts, sections or parts of sections of this ordinance, which provision shall be, remain and continue to be in full force and effect. SECTION IX. 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 Attorney Date ~~~'~ ~ ~~ ADOPTED 9- z ~ - S Z EFFECTIVE `3- ~-/-~~Z ~. , -4-