HomeMy WebLinkAboutORD 2017-058 ORDINANCE NO. 2017-058
AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF
GRAPEVINE, TEXAS, SETTING THE ANNUAL TAX RATE
FOR TAX YEAR 2017 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 2017-2018 (FY 2018), in compliance with appropriate state laws
and the Charter of the City of Grapevine; and,
WHEREAS, public hearings were held on the FY 2018 budget and all interested
parties were given an opportunity to be heard for or against any item contained therein;
and,
WHEREAS, two public hearings were held regarding the 2017 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 2017; 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
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 2017 at a rate of twenty-eight ninety-two seventy-one
hundreds cents ($0.289271) 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 EFFECTIVELY BE RAISED BY 6.53
PERCENT AND WILL RAISE TAXES FOR MAINTENANCE AND OPERATIONS ON A
$100,000 HOME BY APPROXIMATELY $8.26.
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 2017, 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$0.134740 per $100 is levied.
B. For Debt Service, a tax rate of$0.154531 per $100 is levied.
Section 4. That taxes levied by this ordinance shall be due and payable on the
first day of October, 2017 and shall become delinquent on the first day of February, 2018,
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 5. That the fact that the fiscal year begins on October 1, 2017 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 13th day of September, 2017.
APPROVED:
William D. Tate
Mayor
GRAp �
ATTEST: ‘
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Tara Brooks r‘. / , c;
City Secretary
APPROVED AS TO FORM:
-NM
John F. Boyle, Jr.
City Attorney
Ordinance No. 2017-058 2