Res 308 5/13/19573
RESOLUTION NO.
BE IT RESOLVED by the Board of Aldermen of the City of
Wichita Falls, Texas , that as soon as practical said City shall
adopt "fair market value" as a method of evaluation for tax
purposes for this City.
That in order to facilitate and expedite the matter the
City will cooperate with the other taxing units for which it
collects taxes and that the costs of such evaluation shall be
borne by the City of Wichita Falls, on a basis of one-third
1/3); the Wichita Falls Independent School District on the
basis of one-third ( 1/3) ; the Wichita County Water Control and
Improvement District No. 1 and the Wichita Falls Junior College
District, each, on the basis of one-sixth (1/6) of the costs
thereof.
In the selection of personnel to be used in bringing the
records of the tax departments .up to da e, on this basis, only
local people shall be hired ,
1-t-Iprelzgrr—olte outside consultantsmay be used if it is deemed
necessary.
That the City of Wichita Falls will appoint one member
and an alternate from its Board of Aldermen to a tax committee
composed of the above named unitst representatives, who shall
each likewise appoint a committee member and an alternate, who
shall meet and consult for the purpose of following through
on this evaluation procedure.
That this resolution shall in no way interfere with or
change any present assessed valuation, but that the same is made
in an endeavor to continue the policy of equalizing taxes as
assessed in this community by the City of Wichita Falls.
PASSED AND APPROVED this 13th day of May, A. D. 1957.
EST. K. sr. Sp e l , ' lay or
4.
o. T. enders.n
City_ Clerk