OR 2022-1585 Tax Rate FY 2022-2023ORDINANCE NO. 2022-1585
AN ORDINANCE OF THE CITY OF COPPELL, TEXAS, LEVYING THE AD VALOREM TAXES FOR THE YEAR
2022 AT A RATE OF .518731 PER ONE HUNDRED DOLLARS ($100) ASSESSED VALUATION ON ALL
TAXABLE PROPERTY WITHIN THE CORPORATE LIMITS OF THE CITY AS OF JANUARY 1, 2022; 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.
WHEREAS, the property tax rate for the year 2022-2023 will decrease by the adoption of $0.518731.
WHEREAS, THIS TAX RATE WILL RAISE MORE TAXES FOR MAINTENANCE AND OPERATIONS THAN
LAST YEAR’S TAX RATE.
WHEREAS, THE TAX RATE WILL EFFECTIVELY BE RAISED BY 3.499% WHICH IS THE AMOUNT
THAT THE MAINTENANCE AND OPERATIONS TAX RATE EXCEEDS THE NO-NEW-REVENUE
MAINTENANCE AND OPERATIONS RATE AND WILL RAISE TAXES FOR MAINTENANCE AND
OPERATIONS ON A $100,000 HOME BY APPROXIMATELY $14.94.
WHEREAS, THE TAX RATE WILL EFFECTIVELY BE DECREASED BY -16.68% WHICH IS THE
AMOUNT THAT THE INTEREST & SINKING TAX RATE IS LESS THAN THE NO-NEW-REVENUE
INTEREST AND SINKING TAX RATE AND WILL DECREASE TAXES FOR INTEREST & SINKING ON A
$100,000 HOME BY APPROXIMATELY -$15.40.
WHEREAS, THE TOTAL TAX RATE WILL EFFECTIVELY BE DECREASED BY -.089% AND WILL
DECREASE TOTAL ADVALOREM TAXES ON A $100,000 HOME BY APPROXIMATELY -$0.46.
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 2022 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 .518731 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
$.441836 on each One Hundred Dollars ($100) assessed value of all taxable property. THIS TAX RATE
WILL RAISE MORE TAXES FOR MAINTENANCE AND OPERATIONS THAN LAST YEAR’S TAX
RATE.
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 $.076895 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. THIS TAX RATE WILL RAISE LESS TAXES FOR INTEREST AND
SINKING THAN LAST YEAR’S TAX RATE.
SECTION 2. That all ad valorem taxes shall become due and payable on October 1, 2022 and all ad valorem
taxes for the year shall become delinquent after January 31, 2023. There shall be no discount for payment of taxes
prior to said January 31, 2023. 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 (12%) 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. An additional
penalty on delinquent personal property taxes for tax years 2021 and subsequent years is hereby authorized and
imposed as provided by Section 33.11. TEXAS PROPERTY TAX CODE, in the amount of twenty percent (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, 2023, 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 2021 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 Dallas County, 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 tax year 2022, 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 13th day of September
2022.
APPROVED AS TO FORM:
APPROVED:
/4J�a
MAYOR �
WES MAYS
ATTEST: