HomeMy WebLinkAboutORD 2018-070 ORDINANCE NO. 2018-070
AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF
GRAPEVINE, TEXAS, SETTING THE ANNUAL TAX RATE
FOR TAX YEAR 2018 LEVYING TAXES 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 2018-2019 (FY 2019), in compliance with appropriate state laws
and the Charter of the City of Grapevine; and,
WHEREAS, public hearings were held on the FY 2019 budget and all interested
parties were given an opportunity to be heard for or against any item contained therein;
and,
WHEREAS, public hearings were held regarding the 2018 proposed ad valorem tax
rate and all interested parties were given an opportunity to be heard for or against; and,
WHEREAS, an ad valorem tax rate of $0.289271 per $100 valuation has been
considered for tax year 2018.
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 2018 at a rate of twenty-eight ninety-two seventy-one
hundreds cents ($0.289271) 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 2018, 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 $0.130614 per $100 is levied.
B. For Debt Service, a tax rate of $0.158657 per $100 is levied.
Section 3. That taxes levied by this ordinance shall be due and payable on the
first day of October, 2018 and shall become delinquent on the first day of February, 2019, 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, 2018. 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, 2018 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 18th day of September, 2018.
APPROVED:
William D. Tate
Mayor
ATTEST: f,RAPF
1 X
Tara Brooks ;
City Secretary
APPROVED AS TO FORM:
City Attorney
Ordinance No. 2018-070 2