95-038 ORD FIXING TAX RATE AND TAX LEVY AND LEVYING AD VALOREM TAXES FOR COP
ORDINANCE NO. 95-038
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 1995, 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 1995, such total valuation being the sum of
$923,211,242.00; 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, $39,198,288.00; disabled
Veterans, V.T.C.A., Property Tax Code Section 11.22, $631,430.00; tax abatements,
Ordinance Nos. 89-036, 90-019, 92-033, 92-048 and 93-014, $80,420,900.00; and the
Freeport exemptions, Vernon's Ann. Tex. Const. Art. 8 Sec. 1 j, $78,590,242.00, making
a new valuation subject to ad valorem taxes in the sum of $724,370,382.00; 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 1, 1995,
and ending September 30, 1996; and,
WHEREAS, the City Council has heretofore, by ordinance adopted the budget
appropriating from ad valorem taxes the following sums, to-wit:
General Fund $3,225,445.00
Debt Service Fund $ 410,000.00
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE
CITY OF PARIS:
Section 1. That there sha11 be and is hereby levied for the year 1995, 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 sha11 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 worth of property situated
within the corporate limits of the City of Paris
and subject to taxation a tax of (of which $.00167
will be for the operation of the Paris Municipal
Band) $ .46192
For paying interest and creating a sinking fund
for 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 taac of $.05578
TOTAL $ .5177
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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
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 14th day of September, 1995.
ax! D
Eric S. d"Moll , Mayor
ATTEST:
Mattie Cunningham, City Cle
APPROVED A O FORM:
T. K. aynes, K Attorney
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