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02 Adopt Tax Rate
City-of-Paris
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2003-09-29
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02 Adopt Tax Rate
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Last modified
11/8/2005 11:23:07 AM
Creation date
9/25/2003 9:36:14 PM
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AGENDA
Item Number
2
AGENDA - Type
ORDINANCE
Description
Adopting the Tax Rate for Taxable Year 2003
AGENDA - Date
9/29/2003
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Section 2. That there shall be and is hereby levied for the year 2003 and ordered to be <br />collected, a tax of $0.695 on each and every ONE HUNDRED DOLLARS ($100.00) of the <br />assessed valuation of all property of every description subject to taxation within the corporate <br />limits of Paris, and that said tax so levied shall be distributed and apportioned as follows: <br /> <br />For the payment of CURRENT EXPENSES of the City <br />Government of the City of Paris, on each and every <br />One Hundred Dollars worth of property situated <br />within the corporate limits of Paris and subject to <br />taxation a tax of <br />(of which $0.00169 will be for the operation of the <br />Paris Municipal Band) <br /> <br />$0.57289 <br /> <br />For paying interest and creating a sinking fund <br />for General Obligation Refunding Bonds, Series <br />"2003," on each and every One Hundred Dollars <br />worth of property situated within the corporate <br />limits of Paris and subject to taxation, a tax of <br /> <br />$0.03620 <br /> <br />For paying interest and creating a sinking fund <br />for Tax and Revenue Certificates of Obligation, <br />Series "2000,"on each and every one Hundred Dollars <br />worth of property situated within the corporate limits of <br />Paris and subject to taxation, a tax of <br /> <br />$0.04696 <br /> <br />For paying interest and creating a sinking fund for Tax <br />& Revenue Certificates of Obligation Series 2002 on <br />each and every One Hundred Dollars worth of property <br />situated within the corporate limits of Paris and subject <br />to taxation, a tax of <br /> <br />$0.03895 <br /> <br />TOTAL $0.695 <br /> <br /> Section 3. That the City Tax Assessor and Collector of the City of Paris is hereby <br />directed to assess, extend, and enter upon the rolls of the City of Paris, Paris, Texas, for the <br />current taxable year, the amount and rates herein levied and shall be collected as provided by <br />the ordinances and the Charter of the City of Paris, Paris, Texas, and the laws of the State of <br />Texas; and when so collected, same shall be distributed in accordance with ordinance. <br /> <br /> Section 4. That all ordinances and parts of ordinances in conflict herewith are hereby <br />expressly repealed. <br /> <br /> Section 5. That this ordinance shall be and remain in full force and effect from and after <br />its passage and approval by the City Council of the City of Paris. <br /> <br /> <br />
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