|
ORDINANCE NO. 98-052
<br />AN ORDINANCE N'IXING THE TAX RATE AND THE TAX LEVY, AND
<br />LEVYING AD VALOREM TAXES N'OR THE CITY OF PARIS, PARIS, TEXAS, FOR
<br />THE YEAR 1998, UPON ALL TAXABLE PROPERTY WITHIN THE SAID CITY OF
<br />PARIS, TEXAS, IN CONFORMITY WITH THE CHARTER PROVISIONS AND
<br />ORDINANCES OF SAID CITY; AND REPEALING ALL ORDINANCES OR PARTS OF
<br />ORDINANCES IN CONFLICT HEREWITH.
<br />WHEREAS, the Lamar Counry Appraisal District, as authorized by the Laws of the State
<br />of Texas, has fixed the value of all property situated within the City of Paris, Texas subject to ad
<br />valorem taxes for the year 1998, such total valuatioii being the sum of $1,197,905,101.00; and,
<br />WHEREAS, in accordance with provisions of state law and Ordinances passed by the City
<br />Council of the City of Paris, Paris, Texas, the following exemptions have been filed: property
<br />owners over the age of 65, Ordinance No. 2497, $36,643,128.00; disabled Veterans, V.T.C.A.,
<br />Property Tax Code Section 11.22, $2,518,303.00; tax abatements, Ordinance Nos. 89-036, 90-
<br />019, 92-033, 92-048 and 93-014, $40,080,800.00; Freeport exemptions, Vernon's Ann. Tex.
<br />Const. Art. 8, Sec. 1-j, $77,717,320.00; exempt property, $214,408,012.00; agricultural -use
<br />exetnptions, $12,736,680.00; HB 366 exemptions, $13,285.00, and homestead cap adjustinent
<br />$62,010.00, making a new valuation subject to ad valorem taxes in the sum of $870,416,703.00
<br />(including $56,691,140 under protest); and,
<br />WHEREAS, in accordance with the provisions of the Charter of the City of Paris, Paris,
<br />Texas, the City Manager has heretofore subrriitted to the City Council a proposed budget of the
<br />revenues of the City and the expenditures for the conduct of the affairs thereof, providing a
<br />complete tinancial plan far the tiscal year beginning October 1, 1998, and ending September 30,
<br />1999, which budget was amended; and,
<br />WHEREAS, the City Gouncil has lieretofore, by ordinance adopted the budget
<br />appropriating from ad valorem taxes the following sums, to-wit:
<br />Generai Fund - $4,274,880.00
<br />Debt Service Fund $397,670.00
<br />NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY
<br />OF PARIS:
<br />Section L That there sha11 be, and is hereby, levied far the year 1998, and ordered to be
<br />collected a tax of $.55342 on each and every ONE HUNDRED DOLLARS ($100.00) of the
<br />assessed valuation of all property of every descriptioil subject to taxation within the corporate
<br />limits of the City of Paris, and tllat said tax so levied shall be distributed and apportioned as
<br />follows:
<br />
|