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ORD 1997-27 - Adopt Tax Rate - Levy Taxes 09-09-1997ORDINANCE NO. 97 -27 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, 1998, an ad valorem tax of NO AND 38.44/100 ($0.3844) DOLLARS for each ONE HUNDRED ($100.00) DOLLARS of assessed value of property located within the city limits of Huntsville, Texas, on January 1, 1997, 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 $0.28312 Debt Service for Payment of General Obligation Indebtedness 0,10128 $0.3844 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, 1997. THE CITY OF HUNTSVILLE TEXAS L� William B. Green, Mayor A ST: A -QG� Danna Welter, City Secretary AP ROVED AS FORM: ott Bdurfds, City Attorney