HomeMy WebLinkAboutItem 13 - Ad Valorem Tax RateORDINANCE NO. 2024-078
AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF
GRAPEVINE, TEXAS, SETTING THE ANNUAL TAX RATE
FOR TAX YEAR 2024 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 2024 - 2025 (FY 2025), in compliance with appropriate state laws
and the Charter of the City of Grapevine; and,
WHEREAS, a public hearing was held on the FY 2025 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 $0.241165 per $100 valuation has been
considered for tax year 2024; 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 2024 at a rate of twenty-four eleven and sixty-five
hundreds cents ($0.241165) per one hundred dollars ($100.00) valuation.
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 2024, 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 $0.131812 per $100 is levied.
B. For Debt Service, a tax rate of $0.109353 per $100 is levied.
Section 4. That taxes levied by this ordinance shall be due and payable on
the first day of October 2024 and if unpaid shall become delinquent on the first day of
February 2025. 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 2024. 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, 2024
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, 2024.
APPROVED:
William D. Tate
Mayor
ATTEST:
Tara Brooks
City Secretary
APPROVED AS TO FORM:
Matthew C.G. Boyle
City Attorney
Ordinance No. 2024-078 2