OR 2003-1048 Levying taxes for 2003 at a rate of .6486/$100ORDINANCE NO. ~
AN ORDINANCE OF THE CITY OF COPPELL, TEXAS, LEVYING THE AD VALOREM
TAXES FOR THE YEAR 2003 AT A RATE OF .6486 PER ONE HUNDRED DOLLARS
($100) ASSESSED VALUATION ON ALL TAXABLE PROPERTY WITHIN THE
CORPORATE LIMITS OF THE CITY AS OF JANUARY 1, 2003; TO PROVIDE AN
INTEREST AND SINKING FUND ON ALL OUTSTANDING DEBTS OF THE CITY;
PROVIDING FOR DUE AND DELINQUENT DATES TOGETHER WITH PENALTIES AND
INTEREST; AND DECLARING AN EFFECTIVE DATE.
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF COPPELL, TEXAS:
SECTION 1. That there be and is hereby levied for the year 2003 on all taxable property,
real, personal and mixed, situated within the limits of the City of Coppell, Texas, and not exempt by
the Constitution of the State and valid State laws, a tax of .6486 on each One Hundred Dollars
($100) assessed value of taxable property, and shall be apportioned and distributed as follows:
a) For the PURPOSE of defraying the current expenses of the municipal government
of the City, a tax of $.4470 on each One Hundred Dollars ($100) assessed value of all taxable
property.
b) For the PURPOSE of creating a sinking fund to pay the interest and principal on all
outstanding bonds of the City, not otherwise provided for, a tax of $.2016 on each One Hundred
Dollars ($100) assessed value of all taxable property, within the City which shall be applied to the
payment of such interest and maturities of all outstanding bonds.
SECTION 2. That all ad valorem taxes shall become due and payable on October 1, 2003
and all ad valorem taxes for the year shall become delinquent after January 31, 2004. There shall be
no discount for payment of taxes prior to said January 31, 2004. A delinquent tax shall incur all
penalty and interest authorized by law (Section 33.01, et seq., Texas Property Tax Code), to wit: a
penalty of six percent of the amount of the tax for the first calendar month it is delinquent plus one
percent for each additional month or portion of a month the tax remains unpaid prior to July 1 of
the year in which it become delinquent.
Provided, however, a tax delinquent on July 1, incurs a total penalty of twelve percent of
the amount of the delinquent tax without regard to the number of months the tax has been
delinquent. A delinquent tax shall also accrue interest at a rate of one per cent for each month or
portion of a month the tax remains unpaid. Taxes that remain delinquent on July 1, 2004, incur
an additional penalty not to exceed twenty percent of the amount of taxes, penalty, and interest
due; such additional penalty is to defray costs of collection due to contract with the City's
Attorney pursuant to Section 6.30 and Section 33.07 of the Property Tax Code, as amended.
Taxes for the year 2004 and taxes for all future years that remain delinquent on or after June 1,
under Texas Property Tax Code Sections 26.07(f), 26.15(e), 31.03, 31.031, 31.032 or 31.04
incur an additional penalty in an amount not to exceed twenty percent (20%) of taxes, penalty and
interest due, pursuant to Texas Property Tax code Section 6.30 and Section 33.08, as amended.
SECTION 3. Taxes are payable in Coppell, Texas, at the office of the Tax
Assessor/Collector. The City shall have available all rights and remedies provided by law for
the enforcement of the collection of taxes levied under this ordinance.
SECTION 4. That the tax rolls, as presented to the City Council together with any
supplement thereto, be, and the same are hereby approved.
SECTION 5. The fact that it is necessary that this ordinance be enacted in order to
authorize the collection of ad valorem taxes for the year 2003, this ordinance shall take effect
from and after its passage as the law in such cases provides.
DULY PASSED and adopted by the City Council of the City of Coppell, Texas, this the
9th day of September 2003.
ATTEST: