HomeMy WebLinkAboutOrdinance 11668ORDINANCE NO . ! ~ ~p ~ d
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. 1994, 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 1994, at the rate of $0.9735 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. 1994, 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 $0.5681
for general fund operations and a debt levy of $0.4054 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 th'e General Debt Service Fund forty-one and sixty-four
one-hundredths percent (41.64%) 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 1994, 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, 1995. 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.
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SECTION V.
If a person pays one-half of the taxes required to be paid by
virtue of this Ordinance before December 1, 1994, he may pay the
remaining one-half of such taxes without penalty or interest at any
time before July 1, 1995.
SECTION VI.
(a) 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
month the tax remains unpaid prior to July 1, 1995. However, a tax
delinquent on July 1, 1995, 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, 1995, the second payment is delinquent and incurs a penalty
of twelve (12) percent 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, and
said interest shall attach on the first day of each month
thereafter until the taxes shall have been paid, which interest and
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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, 1995, 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 (150) 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.
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 made a
paramount, first and superior lien to all other liens whatsoever on
the property on which said taxes are levied.
SECTION X.
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.
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SECTION XI.
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: ~ ! ~" ( I
ADOPTED • ~- ~ ' ~ ~f
EFFECTIVE • ~l - CP-~ ~f~~f'
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