Ord 40-2014 9/16/2014
ORDINANCE NO. 40-2014
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 2014-15 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 2014 and following, to-wit:
$0.639518 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 4.5 PERCENT AND WILL
RAISE TAXES FOR MAINTENANCE AND OPERATIONS ON A $100,000
HOME BY APPROXIMATELY $27.37.
$0.015742 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
$0.639518 for General Fund
$0.015742 for Interest and Sinking Fund
Total levy for 2014: $0.65526 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 p aid 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, welfa re and to
preserve the peace, this ordinance shall take effect immediately, and it is so ordained.
PASSED AND APPROVED this the 16th day of September, 2014.
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M A Y O R
ATTEST:
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City Clerk