98-052 ORD FIXING TAX RATE AND THE TAX LEVY AND LEVYING AD VALOREM TAXES FOR COPORDINANCE NO. 98-052
AN ORDINANCE N'IXING THE TAX RATE AND THE TAX LEVY, AND
LEVYING AD VALOREM TAXES N'OR THE CITY OF PARIS, PARIS, TEXAS, FOR
THE YEAR 1998, UPON ALL TAXABLE PROPERTY WITHIN THE SAID CITY OF
PARIS, TEXAS, IN CONFORMITY WITH THE CHARTER PROVISIONS AND
ORDINANCES OF SAID CITY; AND REPEALING ALL ORDINANCES OR PARTS OF
ORDINANCES IN CONFLICT HEREWITH.
WHEREAS, the Lamar Counry Appraisal District, as authorized by the Laws of the State
of Texas, has fixed the value of all property situated within the City of Paris, Texas subject to ad
valorem taxes for the year 1998, such total valuatioii being the sum of $1,197,905,101.00; and,
WHEREAS, in accordance with provisions of state law and Ordinances passed by the City
Council of the City of Paris, Paris, Texas, the following exemptions have been filed: property
owners over the age of 65, Ordinance No. 2497, $36,643,128.00; disabled Veterans, V.T.C.A.,
Property Tax Code Section 11.22, $2,518,303.00; tax abatements, Ordinance Nos. 89-036, 90-
019, 92-033, 92-048 and 93-014, $40,080,800.00; Freeport exemptions, Vernon's Ann. Tex.
Const. Art. 8, Sec. 1-j, $77,717,320.00; exempt property, $214,408,012.00; agricultural -use
exetnptions, $12,736,680.00; HB 366 exemptions, $13,285.00, and homestead cap adjustinent
$62,010.00, making a new valuation subject to ad valorem taxes in the sum of $870,416,703.00
(including $56,691,140 under protest); and,
WHEREAS, in accordance with the provisions of the Charter of the City of Paris, Paris,
Texas, the City Manager has heretofore subrriitted 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 tinancial plan far the tiscal year beginning October 1, 1998, and ending September 30,
1999, which budget was amended; and,
WHEREAS, the City Gouncil has lieretofore, by ordinance adopted the budget
appropriating from ad valorem taxes the following sums, to-wit:
Generai Fund - $4,274,880.00
Debt Service Fund $397,670.00
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY
OF PARIS:
Section L That there sha11 be, and is hereby, levied far the year 1998, and ordered to be
collected a tax of $.55342 on each and every ONE HUNDRED DOLLARS ($100.00) of the
assessed valuation of all property of every descriptioil subject to taxation within the corporate
limits of the City of Paris, and tllat said tax so levied shall be distributed and apportioned as
follows:
For the payinent 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 the City of Paris
and subject to taxation a tax of (of which $.00198
will be for the operatiou of the Paris Muiucipal
Band) $.50632
For paying interest and creating a sinking fund
far General Obligation Bonds, Series "1993", 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 $.0471
TOTAL
$.55342
Section 2. 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, 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, Paris, Texas, and the laws of the State of Texas; and when so
collected, same shall be distributed in accordance with this ordinance.
Section 3. All ordinances and parts of ordinances in cont7ict herewith are hereby expressly
repealed.
This ordinance shall be and remain in full force and effect from and after its passage and
approval by the City Council of the Ciry of Paris.
PASSED AND ADOPTED this 24th day of September, 1998
(Y
Charles H. Neeley, Mayor
ATTEST:
Mattie Cunningham, City Clerk
APPROVED AS TO FORM:
Scott P. Foster, City Attorney