HomeMy WebLinkAboutORD 2023-050ORDINANCE NO. 2023-050
AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF
GRAPEVINE, TEXAS, SETTING THE ANNUAL TAX RATE
FOR TAX YEAR 2023 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 2023 - 2024 (FY 2024), in compliance with appropriate state laws
and the Charter of the City of Grapevine; and,
WHEREAS, a public hearing was held on the FY 2024 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 $0.250560 per $100 valuation has been
considered for tax year 2023; 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 2023 at a rate of twenty-five and fifty six hundreds cents
($0.250560) 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 2023, 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 $0.136328 per $100 is levied.
B. For Debt Service, a tax rate of $0.114232 per $100 is levied.
Section 4. That taxes levied by this ordinance shall be due and payable on the
first day of October, 2023 and shall become delinquent on the first day of February, 2024, 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, 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, 2023 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 5th day of September, 2023.
William D. Tate
Mayor
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Tara Brooks`
City Secretary
APPROVED AS TO FORM:
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Matthew C.G. Boyle
City Attorney
Ordinance No. 2023-050 2