96-048 ORD FIXING TAX RATE AND TAX LEVY AND LEVYING AD VALOREM TAXES FOR 1996
ORDINANCE NO. 96-048
AN ORDINANCE FIXING THE TAX RATE AND THE TAX LEVY, AND
LEVYING AD VALOREM TAXES FOR THE CITY OF PARIS, PARIS, TEXAS, FOR
THE YEAR 1996, 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 County 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 1996, such total valuation being the sum of $1,047,034,242.00;
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, $38,339,413.00; disabled Veterans,
V.T.C.A., Property Tax Code Section 11.22, $2,272,880.00; tax abatements, Ordinance Nos.
89-036, 90-019, 92-033, 92-048 and 93-014, $106,353,600.00; Freeport exemptions, Vernon's
Ann. Tex. Const. Art. 8, Sec. 1-j, $79,608,401.00; exempt property, $59,350,478.00;
agricultural-use exemptions, $12,440,730; and HB 366 exemptions, $8,184.00, making a new
valuation subject to ad valorem taxes in the sum of $748,660,556.00; 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 l, 1996, and ending September 30,
1997; and,
WHEREAS, the City Council has heretofore, by ordinance, adopted the budget
appropriating from ad valorem taxes the following sums, to-wit:
General Fund $3,292,555.00
Debt Service Fund $ 389,470.00
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE
CITY OF PARIS:
Section 1. That there shall be, and is hereby levied for the year 1996, and ordered to
be collected a tax of $.5177 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:
For the payment of CURRENT EXPENSES of the
City Government of the City of Paris, on each and
every One Hundred Dollars ($100.00) worth of
property situated within the corporate limits of the
City of Paris and subject to taxation a tax of (of
which $.00226 will be for the operation of the Paris
Municipal Band) $ .46294
For paying interest and creating a sinking fund for
General Obligation Bonds, Series 1993, on each and
every One Hundred Dollars ($100.00) worth of
property situated within the corporate limits of the
City of Paris and subject to taxation, a tax of $.05476
TOTAL $ .5177
Section 2. The 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 ordinance.
Section 3. All ordinances and parts of ordinances in conflict 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 City of Paris.
PASSED AND ADOPTED this 9th day of Septe , 996.
Eric . Clifford, Mayo
ATTEST:
/
Mattie Cunningham, City Clerk
APPROVED AS TO FORM:
. . aynes, ity ~Attorneyy