Page 111 - Forest Hill FY22 Annual Budget

CITY OF FOREST HILL

ORDINANCE NO. 2021-11

AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF FOREST HILL, TEXAS,
ADOPTING AND LEVYING AD VALOREM TAXES FOR THE YEAR 2021 (FISCAL
YEAR 2021-2022) AT A RATE OF $0.997342 PER ONE HUNDRED DOLLARS ($100)
ASSESSED VALUATION ON ALL TAXABLE PROPERTY WITHIN THE CORPORATE
LIMITS OF THE CITY OF FOREST HILL AS OF JANUARY 1, 2021, TO PROVIDE
REVENUE FOR THE PAYMENT OF CURRENT EXPENSES; PROVIDING FOR AN
INTEREST AND SINKING FUND FOR ALL OUTSTANDING DEBT OF THE CITY OF
FOREST HILL; PROVIDING FOR DUE AND DELINQUENT DATES TOGETHER WITH
PENAL TIES AND INTEREST; PROVIDING A SEVERABILITY CLAUSE; PROVIDING
A REPEALING CLAUSE; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, following public notices duly posted and published in all things as required
by law, public hearings were held by and before the City Council of the City of Forest Hill,
the subject of which was the proposed tax rate for the City of Forest Hill for Fiscal Year
2021-2022, submitted by the City Manager in accordance with provisions of the City
Charter and state statutes; and

WHEREAS, the City Council, upon full consideration of the matter, is of the opinion that the
tax rate hereinafter set forth is proper and should be approved and adopted.

NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF
FOREST HILL, TEXAS, THAT:

SECTION 1. There is hereby approved, adopted and levied for the tax year 2021 on all
taxable property, real, personal and mixed, situated within the corporate limits of the City
of Forest Hill, Texas, and not exempt by the Constitution of the State and valid State laws,
a tax of $0.997342 on each One Hundred Dollars ($100) assessed valuation of taxable
property, which consists of two components each one of which is separately approved by
the Council as follows:

(a) $0.115601 per One Hundred Dollars ($100) of taxable value, the rate that, if
applied to the total taxable value, will impose the total amount published under
Section 26.04(e)(3)(C) of the Texas Property Tax Code (Tax Code), less any
amount of additional sales and use tax revenue that will be used to pay debt
service; and

(b) $0.881741 per One Hundred Dollars ($100) taxable value, the rate that, if applied
to the total taxable value, will impose the amount of taxes needed to fund
maintenance and operation expenditures of the City for the coming year.

Ordinance 2021-11 Page 1 of 4
Adopting the Ad Valorem Tax Rate

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