Page 337 - Fort Worth City Budget 2019

described in the assessment tax rolls and the tax books of the City of Fort Worth, Texas, for the year 2018,
and any supplemental assessments thereof, as the same have been or shall be presented to the City Council

of the City of Fort Worth, Texas, by the Assessor and Collector of Taxes of said City of Fort Worth, Texas.

SECTION 4.

That, because the total amount of revenue generated from taxes to fund maintenance and operations
will be greater than last year and because the tax rate exceeds the effective maintenance and operations
rate, the following statements are made as required by Section 26.05 of the Texas Tax Code:

THIS TAX RATE WILL RAISE MORE TAXES FOR MAINTENANCE AND

OPERATIONS THAN LAST YEAR'S TAX RATE DUE TO INCREASED
PROPERTY VALUATIONS. THE TAX RATE WILL EFFECTIVELY BE

RAISED BY 2.15% AND WILL RAISE TAXES FOR MAINTENANCE AND
OPERATIONS ON A $100,000 HOME BY APPROXIMATELY $13.25.

SECTION 5.

That the taxes provided for herein are due on receipt of a tax bill and are delinquent if not paid
before February 1, 2019. Unless otherwise specifically set forth by law, failure to send or receive the tax

bill shall not, however, affect the validity of the taxes, penalty or interest herein imposed, the due date, the
existence of a tax lien, or any procedure instituted to collect such taxes, penalty or interest.

SECTION 6.

That if a person pays one-half of the taxes required to be paid by virtue of this Ordinance before
December 1, 2018, he or she may pay the remaining one-half of such taxes without penalty or interest at
any time before July 1, 2019.

SECTION 7.

(a) That a delinquent tax incurs a penalty of six percent (6%) of the amount of the tax for
the first calendar month it is delinquent plus one percent (1%) for each additional month or portion of a month

the tax remains unpaid prior to July 1, 2019. However, a tax delinquent on July 1, 2019, incurs a total
penalty of twelve percent (12%) of the amount of the delinquent tax without regard to the number of months
the tax has been delinquent.

(b) That if a person who exercises the split payment option provided by Section 6 above fails

Ordinance No. 23393-09-2018

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