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2652 ORD FIXING TAX RATE AND TAX LEVY AND LEVYING AD VALOREM TAXES FOR COP FOR 1982
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2652 ORD FIXING TAX RATE AND TAX LEVY AND LEVYING AD VALOREM TAXES FOR COP FOR 1982
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CITY CLERK
CITY CLERK - Date
9/21/1982
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<br /> <br /> <br /> <br /> <br /> <br /> <br /> ORDINANCE NO.. 2652 . <br /> <br /> <br /> AN ORDINANCE FIXING THE TAX RATE AND THE TAX LEVY, <br /> AND LEVYING AD VALOREM TAXES FOR THE CITY OF PARIS, PARIS, <br /> TEXAS, FOR THE YEAR 1982, UPON ALL TAXABLE PROPERTY WITHIN <br /> THE SAID CITY OF PARIS, TEXAS, IN CONFORMITY 4JITH THE CHAR- <br /> TER PROVISIONS AND ORDINANCES OF SAID CITY; AND REPEALING <br /> ALL ORDINANCES OR PARTS OF ORDINANCES IN CONFLICT HEREWITH. <br /> WHEREAS, the Lamar County Appraisal District as authorized <br /> by the Laws of the State of Texas has fixed the value of all <br /> property situated within the City of Paris, Texas subject to <br /> ad valorem taxes for the year 1982, such total valuation <br /> being the sum of $354,330,415.00; and, <br /> WHEREAS, in accordance with provisions of Ordinances <br /> passed by the City Council of the City of Paris, Paris, <br /> Texas, property owners over the age of 65 and disabled <br /> Veterans have filed exemptions in the sum of $28,379,978.00 <br /> making a new valuation subject to ad valorem taxes in the <br /> sum of $325,950,437.00; and, <br /> WHEREAS, in accordance with the provisions of the <br /> Charter of the City of Paris, Paris, Texas, the City Manager <br /> has heretofore submitted to the City Council a proposed budget <br /> of the revenues of the City and the expenditures for the con- <br /> duct of the affairs thereof, providing a complete financial <br /> plan for the fiscal year beginning July 1, 1982, and ending <br /> June 30, 1983; and, <br /> WHEREAS, the City Council has heretofore, by ordinance <br /> adopted the budget appropriating from ad valorem taxes the <br /> following sums, to-wit: <br /> <br /> General Fund $1,330,000.00 <br /> Debt Service Fund 75,400.00 <br /> <br /> NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUPJCIL OF <br /> THE CITY OF PARIS: <br /> <br /> Section 1. That there shall be and is hereby levied for <br /> the year 1982 and ordered to be collected a tax of $0.47 on <br /> each and every ONE HUNDRED DOLLARS ($100.00) of the assessed <br /> valuation of all property of every description subject to <br /> taxation within the corporate limits of the City of Paris, <br /> and that said tax so levied shall be distributed and ap- <br /> portioned as follows: <br /> For the payment of CURRENT EXPENSES <br /> of the City Government of the City of <br /> Paris, on each and every One Hundred <br /> Dollars worth of property situated <br /> within the corporate limits of the City <br /> of Paris and subject to taxation a tax <br /> of (of which $0.00158 will be for the <br /> operation of the Paris Municipal Band) $0.445 <br /> For paying interest and creating a <br /> sinking fund for CERTIFICATES OF <br /> OBLIGATION, Series "1981", on each <br /> and every One Hundred Dollars worth <br /> of property situated within the cor- <br /> porate limits of the City of Paris and <br /> subject to taxation, a tax of 0.025 <br /> Total $0.470 <br />
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