ORD 1998-23 - Adopting The Tax Rate 09-26-1998ORDINANCE NO. 98 -23
AN ORDINANCE ADOPTING THE TAX RATE AND LEVYING TAXES FOR THE CITY
OF HUNTSVILLE FOR THE ENSUING 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 fiscal year ending
September 30, 1999, an ad valorem tax of NO AND 43/100 ($0.43) DOLLARS for
each ONE HUNDRED ($100.00) DOLLARS of assessed value of property located
within the city limits of Huntsville, Texas, on January 1, 1998, 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 $0.32718
Debt Service for Payment of
General Obligation Indebtedness 0.10282
$0.4300
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 26th day of September, 1998.
THE CITY OF HUNTSVILLE, TEXAS
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Wiliam B. Green, Mayor
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Danna Welter, City Secretary
APPR ED A FORM:
S t B nds, City Attorney