2586 ORD FIXING TAX RATE AND TAX LEVY AND LEVYING AD VALOREM TAXES FOR COP
ORDINANCE N0. 2586
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 1981, UPON ALL TAXABLE PROPERTY WITHIN
THE SAID CITY OF PARIS, TEXAS, IN CONFORMITY WITH THE CHAR-
TER PROVISIONS AND ORDINANCES OF SAID CITY; AND REPEALING
ALL ORDINANCES OR PARTS OF ORDINANCES IN CONFLICT HEREWITH.
WHEREAS, the Board of Equalization heretofore appoin-
ted by the City Council of the City of Paris has met and
has fixed the value of all property situated within the
City of Paris, Texas subject to ad valorem taxes for the
year 1981, such total valuation being the sum of
$343,932,697.00; and,
WHEREAS, in accordance with provisions of Ordinances
passed by the City Council of the Ci_ty of Paris, Paris,
Texas, property owners over the age of 65 and disabled
Veterans have filed exemptions in the sum of $29,375,227.00,
making a new valuation subject to ad valorem taxes in the
sum of $314,557,470.00; and,
WHEREAS, in accordance with the provisions of the
Charter of the City of Paris, Faris, 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 con-
duct of the affairs thereof, providing a complete financial
plan for the fiscal year beginning July l, 1981, and ending
June 30, 1982; and,
WHEREAS, the City Council has heretofore, by ordinance
adopted the budget appropriating from ad valorem taxes the
following sums, to-wit:
General Fund $1,494,900.00
Debt Service Fund 72,000.00
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF
THE CITY OF PARIS;
Section l. That there shall be and is hereby levied for
the year 1981 and ordered to be collected a tax of $0.47 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 ap-
portioned 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 $0.00158 will be for the
operation of the Paris Municipal Band) $0.445
For paying interest and creating a
sinking fund for CERTIFICATES OF
OBLIGATION, Series "1981", on each
and every One Hundred Dollars worth
of property situated within the cor-
porate limits of the City of Paris and
subject to taxation, a tax of 0.025
Total $0.470
Section 2. There is also levied and ordered to be
collected against each and every person, firm or corporation
pursuing an occupation within the corporate limits of the
City of Paris, except where levy of the same is expressly
forbidden by general law, an occupation tax and license tax
equal to one-half (1/2) of that levied by the State of Texas
against such occupation. This provision applies to each and
every occupation upon which the State of Texas levies a tax
and fixes a license fee and only to such occupations.
Section 3. 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
to keep a current account of same, and the taxes herein levied
shall be collected as provided by the ordinances and the
Charter of the City of Paris, Faris, Texas, and the laws of
the State of Texas; and when so collected, same shall be dis-
tributed in accordance with ordinance.
Section 4. Current ad valorem taxes for the year 1981,
paid on or prior to December 31, 1981, shall be subject to
discounts as follows:
Three per cent if paid on or before October 31,
1981; Two per cent if paid after October 31,
1981; and on or before November 30, 1981;
One per cent if paid af ter November 30, 1981,
and on or before December 31, 1981.
as authorized in Section 90 of the Charter of the City of Paris
and in Article 7255b, Vernon's Texas Civil Statutes,
Section 5. All ordinances and parts of ordinances in con-
flict 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.
Read, approved and passed thisl0th 3ay of August, 1981
eel
Bi 1 %er
e Burnett, Mayor
ATTEST:
,
H. C. Gre ne, City C er
jAPP;ROVED AS FORM:
~
T. K. Haynes, City Attorney