HomeMy WebLinkAboutORD 2012-043 ORDINANCE NO. 2012-43
AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF
GRAPEVINE, TEXAS, SETTING THE ANNUAL TAX RATE
FOR TAX YEAR 2012 LEVYING TAXES FOR THE TAX YEAR
2012 TO BE ASSESSED ON ALL TAXABLE PROPERTY
WITHIN THE LIMITS OF THE CITY OF GRAPEVINE, TEXAS;
PROVIDING PENALTIES AND INTEREST FOR THE
DELINQUENT TAXES; DECLARING AN EMERGENCY AND
PROVIDING AN EFFECTIVE DATE
WHEREAS, THE City Council of Grapevine, Texas has approved an operating
budget for the fiscal year 2012-2013 (FY 2013), in compliance with appropriate state laws
and the Charter of the City of Grapevine; and,
WHEREAS, public hearings were held on the FY 2013 budget and all interested
parties were given an opportunity to be heard for or against any item contained therein;
and,
WHEREAS, an ad valorem tax rate of $0.345695 per $100 valuation has been
considered for tax year 2012.
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF
GRAPEVINE, TEXAS:
Section 1. That a tax rate is hereby levied upon all taxable property in the City of
Grapevine, Texas for tax year 2012 at a rate of thirty-four and fifty-six ninety-five
thousandths cents ($0.345695) per one hundred dollars ($100.00) valuation.
Section 2. That there shall be and there is hereby levied the following taxes on each
one hundred dollars ($100.00) valuation on all taxable property within the City of
Grapevine, Texas, to be assessed and collected by the Tax Assessor/Collector and
collected for tax year 2012, and said taxes are to be assessed and collected for the
purposes and in the amounts hereinafter stipulated, to-wit:
A. For the General Fund, a tax rate of$0.135674 per $100 is levied.
B. For Debt Service, a tax rate of$0.210021 per $100 is levied.
Section 3. That taxes levied by this ordinance shall be due and payable on the first
day of October, 2012 and shall become delinquent on the first day of February, 2013, if
unpaid. Upon taxes becoming delinquent, interest and penalty will be added as required in
Section 33.01 of the Texas Property Tax Code, and shall commence on the first day of
February, 2013. The City of Grapevine is hereby authorized to adopt any and all legal
remedies provided by the Texas Property Tax Code for the purpose of collecting delinquent
taxes.
Section 4. That the fact that the fiscal year begins on October 1, 2012 requires that
this ordinance be effective upon its passage and adopted to preserve the public peace,
property, health, and safety, and shall be in full force and effect from and after its passage
and adoption, and an emergency is hereby declared.
PASSED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF
GRAPEVINE, TEXAS, on this the 11th day of September, 2012.
APPROVED:
William D. Tate
Mayor
ATTEST:
(f&f7A____
Jo:.�] C. Brown
Ci . Secretary
APPROVED AS TO FORM:
-4\c\.,, s
Matthew Boyle
City Attorney
ORD. NO. 2012-43 2