Page 336 - Fort Worth City Budget 2019

Ordinance No. 23393-09-2018

AN ORDINANCE PROVIDING FOR THE LEVY AND COLLECTION OF AN
ANNUAL AD VALOREM TAX ON ALL PROPERTY, REAL, PERSONAL AND MIXED,
SITUATED WITHIN THE TERRITORIAL LIMITS OF THE CITY OF FORT WORTH,
TEXAS, AND ALL PERSONAL PROPERTY OWNED IN SAID CITY OF FORT WORTH,
TEXAS, ON JANUARY 1, 2018, EXCEPT SUCH PROPERTY AS MAY BE EXEMPT
FROM TAXATION BY THE CONSTITUTION AND LAWS OF THE STATE OF
TEXAS; AND APPROVING THE TAX ROLL; AND PROVIDING FOR A PENALTY;
AND PROVIDING A SEVERABILITY CLAUSE; AND PROVIDING A SAVINGS
CLAUSE; AND PROVIDING FOR THE REPEAL OF ALL ORDINANCES IN CONFLICT
WITH THE PROVISIONS OF THIS ORDINANCE; AND PROVIDING FOR THE
PUBLICATION AND FINAL PASSAGE THEREOF.

BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF FORT WORTH,
TEXAS:
SECTION 1.
That there is hereby levied, adopted and shall be collected by the City of Fort Worth, Texas, as

provided by law, an annual ad valorem tax for the year 2018, at the rate of $0.7850 on every one hundred
dollar ($100.00) valuation on all property, real, personal and mixed, situated in, and all personal property

owned in, the City of Fort Worth, Texas, on January 1, 2018, liable u nder the law to taxation and not exempt
therefrom by the Constitution and laws of the State of Texas. The ad valorem tax rate is divided into a
maintenance and operation levy of $0.6300 for general fund operations and a debt levy of $0.1550 for

servicing outstanding debt obligations.
SECTION 2.
That the debt portion of the tax levy, which is hereinbefore made, is to provide for the payment of
interest and to create a redemption fund to discharge and pay principal and interest on any general

obligations due or owing by the City of Fort Worth, Texas, and shall not be taken as an addition to levies
for the same purpose in the respective ordinances authorizing and creating such obligations, but the levy
hereinbefore made is made pursuant to and for the purpose of carrying out and complying with the

provisions of said prior ordinances. The General Debt Service Fund shall receive payment of nineteen and
seventy-five hundredths percent (19.75%) of the current taxes collected.
SECTION 3.
That the taxes provided for herein are levied upon all taxable property, real, personal and mixed,
situated in, and all personal property owned in, the City of Fort Worth, Texas, as assessed, valued and

Ordinance No. 23393-09-2018

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