ORD 2002-20 - Adopt Tax Rate 09-17-2002ORDINANCE NO. 2002-20
AN ORDINANCE ADOPTING THE T AX R ATE A ND L EVYING T AXES F OR T HE C ITY O F
HUNTSVILLE FOR THE 2002 -2003 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 2002 -2003 fiscal year
ending September 30, 2003, an ad valorem tax of NO AND 45/100 ($0.45) DOLLARS for each ONE
HUNDRED ($100.00) DOLLARS of assessed value of property located within the city limits of
Huntsville, T exas, o n J anuary 1 , 2 002, m ade taxable b y I aw, w hich when collected, shall be
apportioned among funds and departments of the city government of the City of Huntsville for these
purposes:
General Fund Operations $ 0.28397
Debt Service for Payment of
General Obligation Indebtedness 0.16603
$ 0.45000
SECTION 2: All property upon which a 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 this 17th day of September 2002.
THE CITY OF HUNTSVILLE, TEXAS
illiam B. Green, Mayor
ATT ST:
P anna Welter, City Secretary
APP tEAS TO ORM:
aul C. IsCity Attorney