Page 25 - Haltom City FY19 Annual Budget

TAX ORDINANCE

ORDINANCE NO 0 2018 025 03

AN ORDINANCE APPROVING THE APPRAISAL ROLL SETTING THE
TAX RATE LEVYING AND ASSESSING GENERAL AND SPECIAL AD
VALOREM TAXES FOR THE USE AND SUPPORT OF THE MUNICIPAL
GOVERNMENT OF THE CITY OF HAL TOM CITY TEXAS
APPORTIONING THE LEVIES FOR SPECIFIC PURPOSES PROVIDING
A SEVERABILITY CLAUSE AND PROVIDING AN EFFECTIVE DATE

WHEREAS the City Manager of the City of Haltom City submitted a tax rate proposal to
the City Council prior to the beginning of the fiscal year and in said tax rate proposal set
forth the estimated necessary tax rate required to provide adequate revenues for the
general use and support of the Municipal Government of the City of Haltom City Texas
and

WHEREAS the City Council finds that all provisions pertaining to the adoption of an ad
valorem tax rate have been complied with and

WHEREAS Public Hearings on the tax rate were held by the City Council of the City of
Haltom City on the 20th day of August 2018 and the 27th day of August 2018

WHEREAS after a full and final consideration the City Council is of the opinion that the
tax rate and ad valorem tax appraisal roll should be approved and adopted and

WHEREAS the taxes have been levied in accordance with the adopted fiscal year 2019
budget as required by state law

NOW THEREFORE BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF
HALTOM CITY TEXAS THAT

SECTION 1

The ad valorem tax appraisal roll and effective tax rate information as presented by the
tax assessor for the tax year 2018 be and is hereby in all things approved and adopted

SECTION 2

There is hereby levied and assessed and there shall be collected for the tax year 2018 for
the general use and support of the Municipal Government of the City of Haltom City
Texas a total ad valorem tax of sixty five point three cents 0 653 on each One Hundred
Dollars 100 00 of valuation of property real and personal within the corporate limits
of the City of Haltom City Texas subject to taxation The assessment ratio shall be One
Hundred percent 100

SECTION 3

The taxes collected shall be apportioned for the use as follows

a To the Interest and Sinking Fund the sum of twenty three cents 0 23 or an
adequate amount necessary to fund all General Fund debt service for fiscal year
2019
b To the General Fund for general municipal purposes the sum of forty two point
423
three cents 0 for fiscal year 2019

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