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ORD 2009-54 - FY 2009-10 Tax Rate Adoption of Tax Rate 09-15-2009ORDINANCE NO. 2009-54 AN ORDINANCE ADOPTING THE TAX RATE AND LEVYING TAXES FOR THE CITY OF HUNTSVILLE FOR THE 2009 -2010 FISCAL YEAR UPON ALL TAXABLE PROPERTY LOCATED WITHING AND SUBJECT TO TAXATION IN THE CITY; AND PROVIDING FOR THE EFFECTIVE DATE HEREOF. BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF HUNTSVILLE, TEXAS, THAT: SECTION 1: There is levied and assessed and shall be collected for the 2009 -2010 fiscal year ending September 30, 2009, an ad valorem tax of NO AND 40.007 /100 ($0.4007) DOLLARS for each ONE HUNDRED ($100.00) DOLLARS of assessed value of property located within the city limits of Huntsville, Texas on January 1, 2009, made taxable by law, which when collected, shall be apportioned among funds and departments of the city government of the City of Huntsville for these purposes: General Fund Operations $0.2249 Debt Service for Payment of General Obligations Indebtedness $0.1758 $0.4007 SECTION 2: All property upon which tax is levied shall be assessed on the basis of 100 percent of its appraised value. Property Tax Code § 26.02. SECTION 3: This ordinance shall take effect from and after its passage by City Council. PASSED AND APPROVED on this the 10" day of September 2009. T ST: L oodwar City Secretary APPROVED S TO FORM: r. Le!oMrd Schneider, City Attorney qft!7 H. LE, TEXAS Turn r, Mayor