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HomeMy WebLinkAboutORD 2019-057 ORDINANCE NO. 2019-057 AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF GRAPEVINE, TEXAS, SETTING THE ANNUAL TAX RATE FOR TAX YEAR 2019 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 2019-2020 (FY 2020), in compliance with appropriate state laws and the Charter of the City of Grapevine; and, WHEREAS, public hearings were held on the FY 2020 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 2019 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 $0.284271 per $100 valuation has been considered for tax year 2019; and, WHEREAS, all constitutional and statutory prerequisites for the approval of this ordinance have been met, including but not limited to the Open Meetings Act and Chapter 211 of the Local Government Code; and WHEREAS, the City Council deems the adoption of this ordinance to be in the best interests of the health, safety, and welfare of the public. NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF GRAPEVINE, TEXAS: Section 1. That all matters stated hereinabove are found to be true and correct and are incorporated herein by reference as if copied in their entirety. Section 2. That a tax rate is hereby levied upon all taxable property in the City of Grapevine, Texas for tax year 2019 at a rate of twenty-eight forty-finro seventy-one hundreds cents ($0.284271) per one hundred dollars($100.00)valuation.THIS TAX RATE WILL RAISE MORE TAXES FOR MAINTENANCE AND OPERATIONS THAN LAST YEAR'S TAX RATE. THE TAX RATE WILL EFECTIVELY BE RAISED BY 6.30 PERCENT AND WILL RAISE TAXES FOR MAINTENANCE AND OPERATIONS ON A $100,000 HOME BY APPROXIMATELY $10.97. Section 3. 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 2019, 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$0.141579 per $100 is levied. B. For Debt Service, a tax rate of$0.142692 per$100 is levied. Section 4. That taxes levied by this ordinance shall be due and payable on the first day of October, 2019 and shall become delinquent on the first day of February, 2020, 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, 2020. 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 5. That the fact that the fiscal year begins on October 1, 2019 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 17th day of September, 2019. APPROVED: William D. Tate Mayor � GRAPF� . ATTEST: .a°' ����''� � � U� ,: �::- �i m � `°µ »t Tara Brooks �`� s�' ��� �. � City Secretary ��__,- � � �r AP D AS TO FORM: City Attorney Ordinance No. 2019-057 2