Ord 54-2012 9/18/2012ORDINANCE NO. 54 -2012
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 2012 -13 Fiscal
Year; and Declaring An Emergency
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 2012 and following, to -wit:
$0.622129 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. THIS TAX RATE WILL RAISE MORE TAXES FOR MAINTENANCE
AND OPERATIONS THAN LAST YEAR'S TAX RATE. THE TAX RATE WILL
EFFECTIVELY BE RAISED BY 1.58 PERCENT AND WILL RAISE TAXES
FOR MAINTENANCE AND OPERATIONS ON A $100,000 HOME BY
APPROXIMATELY $9.53.
$0.013131 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
$0.622129 for General Fund
$0.013131 for Interest and Sinking Fund
Total levy for 2012: $0.63526 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.
PASSED AND APPROVED this the 18th day of September, 2012.
MAYOR
ATTEST:
City Clerk