HomeMy WebLinkAboutOrd 965 - ORD Levying and Assessing Valorem Tax , TX Year 1971
ORDINANCE NUMBER 965
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 1971; PROVIDING
THE BASIS OF ASSESSMENT OF MARKET OR ACTUAL VALUE AND PROVID-
ING FOR THE COLLECTION THEREOF AT THE RATE OF $1.60 ON THE
ONE HUNDRED ($100) DOLLAR ASSESSED VALUATION.
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BE IT ORDAINED BY THE CITY COMMISSION OF THE CITY OF WEST UNIVERSITY
PLACE, TEXAS:
Section I. 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 $1.60 on the one-hundred dollar ($lOO) assessed tax valuation
for the year 1971.
Section 2. Such tax is hereby levied 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 appl icab1e Statutes of the State
of Texas, such levy and assessment is made for the following purposes, to wit:
(A) For the upkeep and maintenance of the Department
of Health and Sanitation
(B) For current expense and operation of the General
Fund and its various departments
(C) No levy, assessment or tax for the year 1971 is
required for the Tax Revenue Sinking Fund as there
are sufficient funds in the treasury of the City to
the credit of this Fund to pay the principal and in-
terest on the total outstanding bonded indebtedness
of the City, the last of which matures November,
1973.
The City Treasurer has certified to the availabil ity
of funds to pay the principal and interest on the
following bonds which mature during the fiscal year
1972:
Date of Issue
1946
1946
1946
City of West University P1ace,Fire Fighting Equip. Bonds
City of West University Place, Storm Sewer Bonds
City of West University Place, Public Park Bonds
$ 0.06
$ 1.54
$ 0.00
$ 1.60
$ 1,000.00
7,000.00
6,000.00
$l4,ooo.00
194
Section 3. 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 forty-percent (40%)
of market or actual value for the year 1971 and collection thereof at the
rate of $1.60 on the one hundred ($100) dollar assessed valuation as herein
provided.
PASSED AND APPROVED this the 30th day of August, 1971.
Commissioners Voting Aye: All
Commissioners Voting No: None
ATTEST: