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O-2020-3801 Setting the City's ad valorem tax rate for the 2020-21 Fiscal Year
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O-2020-3801 Setting the City's ad valorem tax rate for the 2020-21 Fiscal Year
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9/29/2020 11:48:04 AM
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9/29/2020 11:48:02 AM
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Legislative Records
Legislative Type
Ordinance
Legislative No.
O-2020-3801
Date
9/28/2020
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ORDINANCE NO. 2020-3801 <br /> AN ORDINANCE LEVYING TAXES UPON TAXABLE PROPERTY LOCATED <br /> WITHIN AND SUBJECT TO TAXATION IN THE CITY OF LA PORTE, TEXAS; <br /> MAKING APPROPRIATIONS FOR SUPPORT, MAINTENANCE, AND <br /> IMPROVEMENT OF THE CITY GOVERNMENT OF SAID CITY OF LA PORTE; <br /> FINDING THAT ALL REQUIRED NOTICES HAVE BEEN PUBLISHED AND ALL <br /> REQUIRED HEARINGS HELD; CONTAINING A REPEALING CLAUSE; <br /> CONTAINING A SEVERABILITY CLAUSE; FINDING COMPLIANCE WITH THE <br /> OPEN MEETINGS LAW; AND PROVIDING AN EFFECTIVE DATE HEREOF. <br /> BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF LA PORTE <br /> Section 1. That there is hereby levied for the fiscal year beginning October 1, 2020, and ending <br /> September 30, 2021, on all real property situated and all personal property owned within the <br /> taxable limits of the said City of La Porte,on the first day of January 2020,except so much as may <br /> be exempt under the constitution and laws of the United States,this State,and the City of La Porte, <br /> the following taxes: <br /> (1) An Ad Valorem Tax of and at the rate of sixty-one and seven tenths cents ($.617) on the <br /> one hundred dollars ($100.00) cash value thereof, estimated in lawful currency of the <br /> United States for the current expenses for the support, maintenance, and improvement of <br /> the City Government of said City of La Porte; and <br /> (2) An Ad Valorem Tax of and at the rate of nine and three tenths cents ($.093) on the one <br /> hundred dollars ($100.00) cash value thereof, estimated in lawful currency of the United <br /> States, to pay current interest on and provide one year's sinking fund and to pay all of the <br /> Principal and Interest accruing on all outstanding general obligation bonds and certificates <br /> of obligation lawfully issued by the City of La Porte. <br /> That this provides the sum of total Ad Valorem tax at the rate of seventy-one cents ($.71) on the <br /> one hundred dollars ($100.00) cash value thereof, estimated in lawful currency of the United <br /> States. <br /> Section 2. All property upon which a rate of taxation is hereinabove levied shall be assessed on a <br /> ratio of one hundred percent(100%) of the estimated market value thereof. <br /> Section 3. That the sums hereinafter accruing and collected from the hereinabove taxes so levied <br /> be and the same are hereby appropriated for the support, maintenance, and improvement of the <br /> City Government of the City of La Porte. <br /> Section 4. The City Council officially finds, determines, recites and declares that all notices <br /> required by law have been published, and that a public hearing as required by law was duly called <br /> and held, and that all matters prerequisite to the establishment and levy of an ad valorem tax have <br /> been accomplished, all as required by the laws of the State of Texas, and the Home Rule Charter <br /> of the City of La Porte. <br /> Section 5. If any section, sentence, phrase, clause, or any part of any section, sentence,phrase, or <br />
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