HomeMy WebLinkAboutOrd 985 - Levying *& Assessing Valorem Tax - Tax Year 1972
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ORDINANCE NUMBER 985
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 1972;
PROVIDING THE BASIS OF ASSESSMENT OF APPRAISED VALUE A.ND
PROVIDING FOR THE COLLECTION THEREOF AT THE RATE OF $1.50
ON THE ONE HUNDRED ($lOO) ASSESSED VALUATION.
BE IT ORDAINED BY THE CITY COMMISSION OF THE CITY OF WEST UNIVERSITY
PLACE, TEXAS:
Section l. 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 $l.50 on the one-hundred dollar ($100) assessed tax valuation
for the year 1972.
Section 2. Such tax is hereby levied and assessed in accordance
with the terms and provisions of ~ction 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
wi t:
(A) For the upkeep and maintenance of the Department
of Health and Sanitation
$ .04
(B) For current expense and operation of the General
Fund and its various departments
$ 1.46
(C) No levy, assessment or tax for the year 1972 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 interest on the total outstanding
bonded indebtedness of the City, the last of
which matures November, 1973
$ -0-
Total Tax Rate
$ 1.50
The City Treasurer has certified to the avail-
ability of funds to pay the principal and in-
terest on the following bonds which mature during
the fiscal year 1973.
Date of Issue
1946 City of West University Place, Public Park Bonds
Principal
Interest
$ 7,000.00
330.00
Total
$ 7,330.00
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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 50% of appraised
value for the year 1972, such basis of assessment being required to meet the
proposed expenditures of the General and Health Funds for the fiscal year
1973 and collection of taxes thereof at the rate of $1.50 on the $100.00
assessed valuation as herein provided.
PASSED AND APPROVED this 28th day of August, 1972.
Commissioners Voting Aye: All
Comm1ss~oners Voting No: None
ATTEST: