Ord 43-2019 Property Tax Rate 2019 9/17/2019
Ordinance No. 43-2019
Ordinance levying, assessing, and fixing the tax rate for the use and
support of the Wichita Falls Municipal Government and providing for
the Interest and Sinking Fund for the 2019-20 fiscal year; and declaring
an emergency
WHEREAS, the City Council finds that the City Council has performed all legal
prerequisites to increasing the tax rate as provided herein, in accordance with Texas Tax
Code § 26.05;
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF WICHITA FALLS,
TEXAS, THAT:
1. There be assessed, levied, and collected on all taxable property in the City of
Wichita Falls, Texas, for the year 2019 and following, to-wit:
$0.7215706 on each $100.00 assessed valuation of all taxable property in
the City for the purpose of paying the general governmental operating
expenses of the City and for general improvements of said City and its
property.
.
$0.0417524 on each $100.00 assessed valuation of all taxable property in
the City for the purpose of paying interest and principal for the redemption
of bonds legally issued by said City.
RECAPITULATION OF RATE
$0.7215706 for General Fund
$0.0417524 for Interest and Sinking Fund
$0.763323
Total levy for 2019-20: per $100.00 assessed valuation of all taxable
property in the City.
2. There is also levied an occupation tax on every person, firm or corporation
pursuing any of the occupations named in the Charter, ordinances and general laws of
Texas as being subject to such a tax by cities, which shall be paid in advance; said
occupation tax shall be one-half (1/2) of the state tax for similar occupations.
3. The immediate need to continue the normal operation of the business of the City
creates an emergency and in order to protect the public health, welfare and to preserve
the peace, this ordinance shall take effect immediately, and it is so ordained.
th
PASSED AND APPROVED this the 17 day of September, 2019.
______________________________
M A Y O R
ATTEST:
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City Clerk