OR 2006-1136 Levying Taxes for year 2006
ORDINANCE NO. ~oDb-llab
AN ORDINANCE OF THE CITY OF COPPELL, TEXAS, LEVYING THE AD VALOREM TAXES FOR
THE YEAR 2006 AT A RATE OF .64146 PER ONE HUNDRED DOLLARS ($100) ASSESSED
VALUATION ON ALL TAXABLE PROPERTY WITHIN THE CORPORATE LIMITS OF THE CITY AS
OF JANUARY 1,2006; 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 2006 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 .64146 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 $.48278 on each One Hundred Dollars ($100) assessed value of all taxable property. THIS T AX RATE WILL
RAISE MORE TAXES FOR MAINTENANCE AND OPERATIONS THAN LAST YEAR'S TAX
RATE. THE TAX RATE WILL RAISE TAXES FOR MAINTENANCE AND OPERATIONS ON A
$100,000 HOME BY APPROXIMATELY $26.33.
b) For the PURPOSE of creating a sinking fund to pay the interest and principal on all outstanding
bonds of the City, not otherwise provided for, a tax of$.15868 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 1,2006 and all ad valorem
taxes for the year shall become delinquent after January 31, 2007. There shall be no discount for payment of taxes
prior to said January 31, 2007. 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 becomes 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. An additional
Penalty on delinquent personal property taxes for tax years 2005 and subsequent years is hereby authorized and
imposed as provided by Section 33.11. TEXAS PROPERTY TAX CODE, in the amount of 20% of the delinquent
tax, penalty and interest if tax becomes delinquent on February 1 of a year and remains delinquent on the 60th day
thereafter. Taxes that remain delinquent on July 1, 2007, 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 2007 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 2006, 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 12th day of
September 2006.
ATTEST:
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