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HomeMy WebLinkAboutOrdinance 16114ORDINANCE N0. AN ORDINANCE PROVIDING FOR. THE LEVY AND COLLECTION 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 2004 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 2004 at the rate of $0 8650 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 2004 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 is divided into a maintenance and operation levy of $0 6946 for general fund operations and a debt levy of $0 1704 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 redemption fund to discharge and pay principal and interest on any general obligations 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 respective ordinances authorizing and creating such obligations but the levy hereinbefore made is made pursuant to and for the purpose of carrying out and complying with the provisions of said prior ordinances The Chief Accounting Officer shall pay each week to the General Debt Service Fund nineteen and sixty-nine hundredths percent (19 69%) 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 2004 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 2005 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 -2- SECTION V If a person pays one-half of the taxes required to be paid by virtue of this Ordinance before December 1 2004 he may pay the remaining one-half of such taxes without penalty or interest at any time before July 1 2005 SECTION VI (a) A delinquent tax incurs a penalty of six percent (60) 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 month the tax remains unpaid prior to July 1 2005 However a tax delinquent on July 1 2005 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 (b) If a person who exercises the split payment option provided by Section V above fails to make the second payment before July 1 2005 the second payment is delinquent and incurs a penalty of twelve percent (12 ) of the amount of the unpaid tax SECTION VII 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 (1 ) per month shall be added to said taxes in the event the payment thereof shall become delinquent as above set forth -3- 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 VIII A tax delinquent on July 1 2005 incurs an additional penalty of fifteen percent (15 ) of the amount of the delinquent tax penalty and interest to defray costs of collection Such fifteen percent (15 ) penalty is imposed pursuant to Sections 6 30 and 33 07 of the Property Tax Code and is in addition to the other penalties and interest which are due and owing according to law SECTION IX A tax that becomes delinquent on or after June 1 under Section 31 03 31 031 31 032 or 31 04 of the Tax Code shall incur an additional penalty of 15 percent (15 ) of the amount of taxes penalty and interest due to defray costs of collection pursuant to Section 33 08 of the Tax Code Such additional penalty is in addition to the other penalties and interest which are due and owing according to law SECTION X 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 -4- State of Texas and such lien shall be and is hereby made a paramount first and superior lien to all other liens whatsoever on the property on which said taxes are levied SECTION XI 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 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 XII 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 /1i~.~0 L2~~ City Attorney G~ Date 9~I y o ADOPTED EFFECTIVE -5-