HomeMy WebLinkAboutORD 1178 - ORD Levying & assessing AD Valorem TAX for the Year 1981
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ORDINANCE NUMBER 1178
.AN ORD I NANCE LEVY ING AND ASSESS I'NG AN AD VALOREM TAX ON
ALL TAXABLE PROPERTY WITHIN THE CORPORATE LIMITS OF THE
CITY OF WEST UNtVERSITY PLACE, TEXAS, FOR THE YEAR 1981;
PROVIDING THE BASIS OF ASSESSMENT OF APPRAISED VALUE AND
PROVIDING FOR THE COLLECTION THEREOF AT THE RATE OF $0.455
ON 7HE ONE HUNDRED ($100.00) DOLLAR 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 and personal, within the corporate limits of the
City of West University Place, Texas, and there shall be collected by such
city, a tax of $0.455 on the one-hundred ($100.00) dollar assessed tax valua-
tion for the year 1981.
Section 2. Such tax is hereby levided and assessed in accordance
with the terms and provisions of Section 1 of Article XXI of the City of West
University 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 certain portion ~fthe 1982 budget, to wit:
(A) For current expenses and operation of the
General Fund and its various departments
$ 0.415
(B) For General Debt Service Fund to pay the
principal, interest and fiscal agent's
fees on $1,300,000 bond issue of the city
$ 0.040
Total Tax Rate
$ 0.455
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 corporate limits
of the City of West University Place, Texas, on the basis of 100% of
appraised valuations as herein provided.
PASSED AND APPROVED this 31st day of August, 1981.
Commiss.ioners Voting Aye: All
ATTEST:
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City Secretary
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