81-09 O - Property Tax Administration %
PROPERTY TAX ADMINISTRATION ORDINANCE # V- 7
SECTION 1: PROPERTY TAXES
A. AUTHORITY TO LEVI
There is hereby established the authority to levy and collect
an annual ad valorem(property) tax of not exceeding one and
one-half percent on the one hundred dollars valuation of taxable
property within the city.
B. OFFICE OF TAX COLLECTOR ESTABLISHED
There is hereby established the office of tax collector for the
city. The tax collector shall be appointed by a majority vote
of the city council and may be removed by a majority vote of the
city council. The position of tax collector may be combined
with other positions at the discretion of the city council.
The tax collector shall provide for collection of all property
taxes due the city, assist the city council in complying with
the tax increase notices, issue tax certificates, prepare
delinquent tax rolls, make reports to the city council on taxes
collected, and preform such other duties as may be required
by state property tax laws and directives of the city council.
160 C. PARTICIPATION IN APPRAISAL DISTRICT
The city hereby elects to participate in the Collin County
Central Appraisal District. The said appraisal district shall
be authorized to perform all appraisal and assessment functions
required under the state property tax code. The city shall
retain collection functions.
D. EXEMPTIONS
In addition to other exemptions provided for in state property
tax code, the city hereby exempts -4' 3000 0 ' of the appraised
value of the residence homestead of any individual who is dis-
abled or is 65 years of age or older as provided for in section
11.13 of the state property code. Applications for exemption
shall be filed in accordance with section 11.43 and 11.431 of
the state property tax code.
E. TAX DUE DATE
IL The property taxes levied by the city each year shall become
due on the first day of October of each year for which the levy
is made and shall become delinquent on the following first day
of February. Penalties and interest for delinquent taxes shall
incur in accordance with section 33.01 of the state property
tax code.
F. ADDITIONAL PENALTY FOR COLLECTION COSTS
Whereas the city has contracted with an attorney to enforce the
collection of delinquent taxes pursuant to section 6. 30 of the
state property tax code, it is hereby provided, as authorized
in section 33.07 of the atate property tax code, that taxes
that remain delinquent on July 1st of the year in which they
become delinquent shall incur as additional penalty in the
amount of 15 percent of the amount of taxes, penalty, and
il interest due, to defray costs of collection.
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G. SkECIAL HOMESTEAD TAX EXEMPTIONS
As approved by the voters as a constitutional amendmefit on
November 3, 1961, the city may also grant a special exemption
to all owners of residential homesteads, not just elderly or
disabled persons. If a city elects to adopt the special exemp-
tion which is provided for in H.J.R. 81 of the 1961 Texas
Legislature, a minimum exemption of $5000.00 is required.
The maximum exemption a city may authorize is as follows :
TAX YEARS MAXIMUM ALLOWABLE EXEMPTION
1982, 1983, 1964 40 percent of market value
1985, 1986, 1987 30 percent of market calue
1988 and later 20 percent of market value
PASSED AND APPROVED ON 7/-f� 5J. `v , 1981
ISlar
ATTEST:
eeee 2tkor
Secretary Mayo