HomeMy WebLinkAboutORD 1095 - ORD Levying and Assessing AD Valorem Tax for the Year 1977
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ORDINANCE NUMBER 1095
AN ORDINANCE LEVYING AND ASSESSING AN AD VALOREM TAX ON ALL
TAXABLE PROPERTY WITHIN THE CORPORATE LIMITS OF THE CITY OF
WEST UNIVERSITY PLACE, TEXAS, FOR THE YEAR 1977; PROVIDING
THE BASIS OF ASSESSMENT OF APPRAISED VALUE AND PROVIDING
FOR THE COLLECTION THEREOF AT TBERATE OF $1.46 'ON THE ONE
HUNDRED ($100.00) ASSESSED VALUATION.
BE IT ORDAINED BY THE CITY COMMISSION OF THE CITY OF WEST UNIVERSITY
PLACE, TEXAS:
Section 1. That there is hereby levied and assessed against all
taxable property, both real andpE!rsonal,withinthe corporate limits of the
City of West University Place, Texas, and there shall be collected by such
city, a tax of $1.46 on the one-hundred ($100.00) assessed tax valuation for
the year 1977.
Section 2. Such tax is hereby levied and assessed in accordance with
the terms and provisions of Section lof Article XXI of the City of West Uni-
versity Place City Charter and the applicable Statutes of the State of Texas,
such levy and assessment is made for the following purposes to finance a cer-
tain portion6fthe 1978 budget, to-wit:
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1,'1
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(A) For the upkeep and maintenance of the Department
of Health and Sanitation
$ 0.03
(B) For current expensE!S and operation of the Gen-
eral Fund and its various departments
1.22
(C) For Tax Revenue Sinking Fund to pay the
principal, interest and fiscal agent's fees
on $1,600,000 bond issue of the city
.21
Total Tax Rate
$ 1.46
Section 3. That the Tax Assessor and Collector for the City of West
University Place, Texas is hereby directed to'assess and collect taxes on all
of the property, both real and personal, within the c'orporate limits of the
City of West University Place, Texas on the basis of 89% of appraised valuation
as herein provided.
PASSED Mm APPROVED this 22nd day of August, 1977.'
Commissioners Voting Aye:
All
Commissioners Voting No:
None
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ATTEST:
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, Mayor
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Assistant City Secretary
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