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Ordinance 2014-43 - Ord. 2014-43 FY14-15 tax rateORDINANCE NO. 2014-43 AN ORDINANCE ADOPTING THE TAX RATE AND LEVYING TAXES FOR THE CITY OF HUNTSVILLE FOR THE 2014 -2015 FISCAL YEAR UPON ALL TAXABLE PROPERTY LOCATED WITHIN 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 2014 -2015 fiscal year ending September 30, 2015, an ad valorem tax of NO AND 41.06/100 ($0.4106) DOLLARS for each ONE HUNDRED ($100.00) DOLLARS of assessed value of property located within the city limits of Huntsville, Texas on January 1, 2014, 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 $0.2862 Debt Service for Payment of General Obligations Indebtedness $0.1244 $0.4106 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 16`h day of September 2014. 0 .7r , City Attorney THE CITY OF NTSVI E, TEXAS Mac Woodw d, Mayo