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OR 216 Tax Assessor Collector AN ORDINANCE OF THE CTY OF COPPELL, TEXAS ORDINANCE NO. 216 AN ORDINANCE OF THE CITY OF COPPELL, TEXAS, DIRECTING THE TAX ASSESSOR COLLECTOR TO DETERMINE THE TRUE MARKET VALUE OR REAL VALUE OF EACH ITEM OF TAXABLE PROPERTY WITHIN THE CITY; DIRECTING THE TAX ASSESSOR COLLECTOR TO ASSESS EACH ITEM OF TAXABLE PROPERTY AT 100% OF ITS TRUE MARKET VALUE OR REAL VALUE, IF IT HAS NO MARKET VALUE; DIRECTING THE TAX ASSESSOR COLLECTOR TO PLACE EACH ITEM OF TAXABLE ON THE TAX ROLLS FOR THE YEAR 1980 AT SUCH ASSESSED VALUE; AND PROVIDING AN EFFECTIVE DATE. WHEREAS, it is the desire of the City Council to set the assessment ratio on each item of taxable property within the City at 100% of its true market value or its real value; and WHEREAS, it is the desire of the City Council to instruct the Tax Assessor Collector to assess each item of taxable property accordingly. NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF COPPELL, TEXAS: SECTION 1. The Tax Assessor Collector of the City is hereby direete~ to determine the true market value or real value, if it has no market value, of each item of taxable property within the City. SECTION 2. That for the tax year 1980, the Tax Assessor Collector is hereby directed to assess each item of taxable property within the City at 100% of its true market value or real value, if it has no market value, and place each such item on the tax roll for said year at said assessed value. SECTION 3. This ordinance shall become effective immediately upon its passage as the law in such cases provides, and the assessed rstio determined herein shall be effective for the tax rolls prepared for the tax year 1980. DULY PASSED by the City Council of the City of Coppel], this the APP .,ED: ATTEST: ~ED ?~TO FORM: ~]Y ~E~C~TARy