Res 2457 2/12/1980RESOLUTION NO. ,l/5'J
RESOLUTION INCREASING THE RATIO OF
ASSESSED VALUES TO ACTUAL VALUES
FOR AD VALOREM TAX PURPOSES.
BE IT RESOLVED BY THE BOARD OF ALDERMEN OF THE CITY OF
WICHITA FALLS, TEXAS, THAT:
Effective January 1, 1980, the Assessor and Collector of taxes for the
City of Wichita Falls shall assess all real and personal property for taxation
at 100 percent of the actual cash market value of such property.
It is not the intention of this Council to increase individual ad valorem
taxes, directly or indirectly, by this change in the percentage of assessed
values to actual values.
PASSES AND APPROVED THIS THE 12th day of February, 1980.
MAYOR
ATTEST:
Cit Clerk