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ORD 1992-15 - Adopting Tax Rate & Levying Taxes For All Taxable Property In City 09-15-1992ORDINANCE NO. 92- 15 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, 1993, 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, 1992, 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 $0.21483 Debt Service for Payment of General Obligation Indebtedness 0.16957 $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 15th day of September, 1992. ATTEST: Melb: Byers, City Sefetary APP OVED TO FORM: Sc:tt Boun. s, City Attorney THE CITY OF HUNTSVILLE, TEXAS W. H. Hodge Mayor