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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