OR 96-773 Levys taxes for 1996 AN ORDINANCE OF THE CITY OF COPPELL, TEXAS
ORDINANCE NO. 96773
AN ORDINANCE OF THE CITY OF COPPELL, TEXAS, LEVYING THE AD VALOREM
TAXES FOR THE YEAR 1996 AT A RATE OF .6686 PER ONE HUNDRED DOLLARS
($100) ASSESSED VALUATION ON ALL TAXABLE PROPERTY WITHIN THE
CORPORATE LIMITS OF THE CITY AS OF JANUARY 1, 1996; 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 1996 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 .6686 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 $.41650 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 $.25210 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 valorera taxes shall become due and payable on October 1,
1996 and all ad valorera taxes for the year shall become delinquent after January 31, 1997.
There shall be no discount for payment of taxes prior to said January 31, 1997. A delinquent
tax shall incur all penalty and interest authorized by law (33.01 PTC), 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 becomes delinquent.
TAX RATE ORD.
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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 percent for each month
or portion of a month the tax remains unpaid. Taxes that remain delinquent on July 1, 1997,
incur an additional penalty of fifteen 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 of the Property Tax Code.
SECTION 3. Taxes are payable in Coppell, Texas, at the office of the Tax Collector.
The City shall have available all fights 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 valorera taxes for the 1996, 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
10th day of September, 1996.
APPROVED:
MAYOR
ATTEST:
?
CITY SECRETARY
APPROVED AS TO FORM: