Page 307 - FortWorthFY22AdoptedBudget

Ordinance No. 25074-09-2021

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 OWN ED fN SAID CITY OF
FORT WORTH, TEXAS, ON JANUARY 1, 2021 , 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 SEVERABCLITY CLAUSE; AND
PROVIDING A SAVINGS CLAUSE; AND PROVIDING FOR THE REPEAL OF ALL
ORDINANCES fN 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 2021 , at the rate of $0.7325 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, 2021 , I iable under 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 $0.5850 for general fund operations and a debt levy of $0.1475 for

servicing outstanding debt obligations.

SECTION 2.

That the debt portion of the tax levy, which is herein before 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 twenty and
fourteen hundredths percent (20.14%) 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. 25074-09-2021 Page 1 ofS
Page 307 of 581