ORD 2007-27 - Adoption of FY 08 Tax Rate 09-04-2007ORDINANCE NO. 2007 -27
AN ORDINANCE ADOPTING THE TAX RATE AND LEVYING TAXES FOR THE CITY OF
HUNTSVILLE FOR THE 2007 -2008 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 2007 -2008 fiscal year ending
September 30, 2008, an ad valorem tax of NO AND 41.3500/100 ($0.413500) DOLLARS
for each ONE HUNDRED (S 100.00) DOLLARS of assessed value of property located
within the city limits of Huntsville, Texas, on January 1, 2007, 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 $0.2405
Debt Service for Payment of General Obligation Indebtedness 0.1730
$0.4135
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 the 4th day of September 2007.
AT EST:
aJ
Danna Welter, City Secretary
APPROVED AS TO RM:
Thomas A. Leeplw, UityjAttomey