Page 279 - Honorable Mayor and Members of the City Council

SECTION III
There is hereby levied and ordered to be assessed and collected for the fiscal year beginning October 1, 2018, and
ending September 30, 2019 and for each fiscal year thereafter until it be otherwise provided by and ordained on all
taxable property, real, personal and mixed, situated within the corporate limits of the City, and not exempt from
taxation by the Constitution of the State and valid State laws, an ad valorem tax rate of $0.6400 for the general
operations of the City on each One Hundred Dollars ($100.00) assessed value of taxable property, and shall be
apportioned and distributed as follows:

(a) For the purpose of defraying the current expenses of the municipal government of the City (a
General Fund), a tax of $0.6075 of each One Hundred Dollars ($100.00) assessed value of all taxable
property within the City.

(b) For the purpose of creating a Debt Service Fund to pay the interest and principal on all
outstanding debts of the City, not otherwise provided for, a tax of $0.0325 on each One
Hundred Dollars ($100.00) assessed value of all taxable property within the City.

SECTION IV
All monies collected and hereby apportioned are set apart for the specific purposes indicated herein and the funds
shall be accounted for in such a manner as to readily show balances at any time.

SECTION V
All ad valorem taxes shall become due and payable on October 1, 2018, and all ad valorem taxes for the year shall
become delinquent after January 31, 2019. There shall be no discount for payment of taxes prior to said January 31,
2019. A delinquent tax shall incur all penalty and interest authorized by Chapter 33 of the State Property Tax Code.

SECTION VI
Taxes are payable at Tarrant County Tax Assessor/Collector by submitting payment to Ron Wright, the Tarrant County
Tax-Assessor-Collector. The City shall have available all rights and remedies provided by law for the enforcement of
the collection of taxes levied under this Ordinance.

SECTION VII
The tax rolls, as presented to the City Council, together with any supplement thereto, be, and the same are hereby
approved.
CITY OF BENBROOK 2018-19 ANNUAL BUDGET
278