ORD 1986-26 - Adopt FY 86-87 Tax Rate• •
ORDINANCE NO. 86 -26
AN ORDINANCE FIXING 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 shall be and is hereby levied and shall be assessed and
collected for the fiscal year ending September 30, 1987, an ad valorem
tax of NO AND 52/100 ($0.52) DOLLARS for each ONE HUNDRED ($100.00)
DOLLARS of assessed value of property located within the City limits
of Huntsville on January 1, 1986, made taxable by law, which said
taxes, when collected, shall be apportioned among funds and
departments of the City Government of the City of Huntsville for these
purposes:
General Fund Operations
Debt Service for payment of
bonded indebtedness
$0.37
0.15
$0.52
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 9th day of September, 1986.
ATTEST:
APPROVED AS TO FORM:
Scott Bourfds, City Attorney
THE CI ,Y OF HUNTSVILLE, TEXAS
Monday, Mayor