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<br /> ORDINANCE NO. 96-048
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<br /> AN ORDINANCE FIXING THE TAX RATE AND THE TAX LEVY, AND
<br /> LEVYING AD VALOREM TAXES FOR THE CITY OF PARIS, PARIS, TEXAS, FOR
<br /> THE YEAR 1996, 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.
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<br /> WHEREAS, the Lamar County 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
<br /> ad valorem taxes for the year 1996, such total valuation being the sum of $1,047,034,242.00;
<br /> and,
<br />
<br /> WHEREAS, in accordance with provisions of state law and Ordinances passed by the
<br /> City Council of the City of Paris, Paris, Texas, the following exemptions have been filed:
<br /> property owners over the age of 65, Ordinance No. 2497, $38,339,413.00; disabled Veterans,
<br /> V.T.C.A., Property Tax Code Section 11.22, $2,272,880.00; tax abatements, Ordinance Nos.
<br /> 89-036, 90-019, 92-033, 92-048 and 93-014, $106,353,600.00; Freeport exemptions, Vernon's
<br /> Ann. Tex. Const. Art. 8, Sec. 1-j, $79,608,401.00; exempt property, $59,350,478.00;
<br /> agricultural-use exemptions, $12,440,730; and HB 366 exemptions, $8,184.00, making a new
<br /> valuation subject to ad valorem taxes in the sum of $748,660,556.00; and,
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<br /> WHEREAS, in accordance with the provisions of the Charter of the City of Paris, Paris,
<br /> Texas, the City Manager has heretofore submitted 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 financial plan for the fiscal year beginning October l, 1996, and ending September 30,
<br /> 1997; and,
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<br /> WHEREAS, the City Council has heretofore, by ordinance, adopted the budget
<br /> appropriating from ad valorem taxes the following sums, to-wit:
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<br /> General Fund $3,292,555.00
<br />
<br /> Debt Service Fund $ 389,470.00
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<br /> NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE
<br /> CITY OF PARIS:
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<br /> Section 1. That there shall be, and is hereby levied for the year 1996, and ordered to
<br /> be collected a tax of $.5177 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 the City of Paris, and that said tax so levied shall be distributed and apportioned as
<br /> follows:
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<br /> For the payment of CURRENT EXPENSES of the
<br /> City Government of the City of Paris, on each and
<br /> every One Hundred Dollars ($100.00) worth of
<br /> property situated within the corporate limits of the
<br /> City of Paris and subject to taxation a tax of (of
<br /> which $.00226 will be for the operation of the Paris
<br /> Municipal Band) $ .46294
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<br /> For paying interest and creating a sinking fund for
<br /> General Obligation Bonds, Series 1993, on each and
<br /> every One Hundred Dollars ($100.00) worth of
<br /> property situated within the corporate limits of the
<br /> City of Paris and subject to taxation, a tax of $.05476
<br />
<br /> TOTAL $ .5177
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