05 - Fixing the Tax Rate, Tax Levy and Levying Valorem TaxesItem No. 5
memorandum
TO: City Council
John Godwin, City Manager
FROM: Gene Anderson, Finance Director
SUBJECT: ORDINANCE ADOPTING THE PROPERTY TAX RATE AND TAX LEVY
DATE: September 7, 2018
BACKGROUND: Each year the City Council must adopt a property tax rate sufficient to fund
the city budget as adopted by the Council. The ordinance setting the tax rate also indicates the
amounts of budget appropriations resulting from levying the adopted property tax rate.
At the proposed tax rate, the average residential homestead valued at $80,333 will pay $443.39
in city property taxes.
STATUS OF ISSUE: The City Council, having adopted the 2018-19 City budget, must now
adopt a property tax rate of .55195 per $100 of valuation (0.43831 O&M rate and 0.11364 I&S
rate). This rate should produce $7,200,000 for the General Fund and $1,826,436 for the Interest
& Sinking Funds from which debt payments are made.
BUDGET: N/A
RECOMMENDATION: Motion to approve an ordinance fixing the property tax rate, property
tax levy, and levying the ad valorem taxes for the City of Paris for fiscal year 2018-19.
ORDINANCE NO.
AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF PARIS, TEXAS,
FIXING THE TAX RATE AND THE TAX LEVY AND LEVYING AD VALOREM
TAXES FOR THE CITY OF PARIS FOR THE CALENDAR YEAR 2018 UPON ALL
TAXABLE PROPERTY WITHIN THE CITY OF PARIS IN CONFORMITY WITH
THE CHARTER PROVISIONS AND ORDINANCES OF THE CITY; MAKING
OTHER FINDINGS AND PROVISIONS RELATED TO THE SUBJECT;
REPEALING ALL ORDINANCES OR PARTS OF ORDINANCES IN CONFLICT
HEREWITH; PROVIDING A SAVINGS CLAUSE; PROVIDING A SEVERABILITY
CLAUSE; AND PROVIDING AN EFFECTIVE DATE.
WHEREAS, the Lamar County Appraisal District, as authorized by the laws of the State
of Texas, has fixed the value of all property situated within Paris, Texas, subject to ad valorem
taxes for the year 2018, such total valuation being the sum of $1,732,236,641; and,
WHEREAS, in accordance with provisions of ordinances passed by the City Council of
the City of Paris, property owners over the age of sixty-five (65) and disabled Veterans have
filed exemptions; other adjustments for tax abatements have been approved; and other
exemptions are authorized under state law, thereby reducing the total valuation subject to ad
valorem taxes; and,
WHEREAS, in accordance with the provisions of the Charter of the City of Paris, Paris,
Texas, the City Manager has heretofore submitted to the City Council a proposed budget of the
revenues of the City and the expenditures for the conduct of the affairs thereof, providing a
complete financial plan for the fiscal year beginning October 1, 2018 and ending September 30,
2019; and,
WHEREAS, the City Council has heretofore by ordinance adopted the budget
appropriating from ad valorem taxes the following sums, to -wit:
General Fund $7,200,000.00
Debt Service Fund $1,826,436.00; and,
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF
PARIS, PARIS, TEXAS:
Section 1. That the findings set out in the preamble to this ordinance are hereby in all
things approved.
Section 2. That there shall be and is hereby levied for the year 2018 and ordered to be
collected, a tax of $0.55195 on each and every ONE HUNDRED DOLLARS ($100.00) of the
assessed valuation of all property of every description subject to taxation within the corporate
limits of the City of Paris, and that said tax so levied shall be distributed and apportioned as
follows:
CURRENT EXPENSES:
For the payment of CURRENT EXPENSES of the City
Government of the City of Paris, on each and every
One Hundred Dollars worth of property situated
within the corporate limits of City of Paris and
subject to taxation a tax of $0.43831
(of which $0.00133 will be for the operation of the
Paris Municipal Band)
For paying interest and creating a sinking fund
for General Obligation Refunding Bonds, Series
"2010," on each and every One Hundred Dollars
worth of property situated within the corporate
limits of Paris and subject to taxation, a tax of $0.02615
For paying interest and creating a sinking fund for
Combination Tax & Revenue Certificates of Obligation Series
"2010," on each and every One Hundred Dollars worth
of property situated within the corporate limits of
Paris and subject to taxation, a tax of $0.01253
For paying interest and creating a sinking fund for General
Obligation Refunding Bonds Series "2012," on each and
Every One Hundred Dollars' worth of property situated
Within the corporate limits of Paris and subject to
Taxation, a tax of $0.02390
For paying interest and creating a sinking fund for General
Obligation Bonds Series "2017," on each and every One
Hundred Dollars' worth of property situated within the
Corporate limits of the City of Paris and subject to
taxation, a tax of $0.03670
For paying interest and creating a sinking fund for General
Obligation Bonds Series "2018," on each and every One
Hundred Dollars' worth of property situated within the
Corporate limits of the City of Paris and subject to
taxation, a tax of $0.00854
For paying interest and creating a sinking fund for
Interlocal Cooperative Agreement (SuRRMA Loan) on
each and every One Hundred Dollars' worth of property
situated within the corporate limits of the City of Paris
and subject to taxation, a tax of $0.00582
Total Debt Rate $ 0.0.11364
TOTAL TAX RATE
$0.55195
Section 3. THIS TAX RATE WILL RAISE MORE TAXES FOR MAINTENANCE
AND OPERATIONS THAN LAST YEAR'S TAX RATE.
Section 4. That the City Tax Assessor and Collector of the City of Paris is hereby
directed to assess, extend, and enter upon the rolls of the City of Paris, Texas, for the current
taxable year, the amount and rates herein levied and shall be collected as provided by the
ordinances and the Charter of the City of Paris, Texas, and the laws of the State of Texas; and
when so collected, same shall be distributed in accordance with ordinance.
Section 5. That all provisions of the ordinances of the City of Paris, Texas in conflict
with the provisions of this ordinance are hereby repealed, and all other provisions of the
ordinances of the City of Paris not in conflict with the provisions of this ordinance shall remain
in full force and effect.
Section 6. That the repeal of any ordinance or part of ordinances affected by the
enactment of this ordinance shall not be construed as abandoning any action now pending
under or by virtue of such ordinance or as discontinuing, abating, modifying, or altering any
penalty accruing or to accrue, or as affecting any rights of the municipality under any section
or provisions of any ordinance at the time of passage of this ordinance.
Section 7. That it is the intention of the City Council of the City of Paris that this
ordinance, and every provision hereof, shall be considered severable, and the invalidity or
partial invalidity of any section, clause, or provisions of this ordinance shall not affect the
validity of any other portion of this ordinance.
Section 8. That this ordinance shall become effective from and after its passage and
publication as required by law.
READ, ADOPTED, AND APPROVED BY THE CITY COUNCIL at a regular meeting duly
called and held at the City Council Chamber, 107 E. Kaufman in the City of Paris on this the
17th day of September, 2018.
Steven J. Clifford, M.D., Mayor
ATTEST:
Janice Ellis, City Clerk
APPROVED AS TO FORM:
Stephanie H. Harris, City Attorney