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ORD 2000-22 - Tax Rate 09-26-2000ORDINANCE NO. 2000 -22 AN ORDINANCE ADOPTING THE TAX RATE AND LEVYING TAXES FOR THE CITY OF HUNTSVILLE FOR THE 2000 -2001 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 2000 -2001 fiscal year ending September 30, 2001, an ad valorem tax of NO AND 43.250/100 ($0.43250) DOLLARS for each ONE HUNDRED ($100.00) DOLLARS of assessed value of property located within the city limits of Huntsville, Texas, on January 1, 2000, 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 $ 0.30763 Debt Service for Payment of General Obligation Indebtedness 0.12487 $ 0.43250 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: The tax rate for general fund operations includes a $.02 tax increase that shall be dedicated solely to capital street improvements, or debt service for capital street improvements. SECTION 4: This ordinance shall take effect from and after its passage by City Council. PASSED AND APPROVED this 26th day of September, 2000. THE CITY OF HUNTSVILLE, TEXAS William B. Green, Mayor ATTE Danna Welter, City Secretary APPROVED AS TO FORM: aul C. is am, ity Attorney