94-12 O - Tax Rate for 1994-1995 •
J064712 Of.3205.2E'L
P.O.//Box 297
Prosper, Texas 75078
214/347-2304
ORDINANCE NO . 94- 12
AN ORDINANCE LEVYING AD VALOREM TAXES FOR USE AND SUPPORT OF
THE MUNICIPAL GOVERNMENT OF THE CITY OF PROSPER FOR THE 94-95
FISCAL YEAR; PROVIDING FOR APPORTIONING EACH LEVY FOR SPECIFIC
PURPOSES ; AND , PROVIDING WHEN TAXES SHALL BECOME DUE AND WHEN
SAME SHALL BECOME DELINQUENT IF NOT PAID .
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF PROSPER, TEXAS
SECTION 1 . THAT THERE IS HEREBY LEVIED AND THERE SHALL BE COLLECTED FOR THE USE
AND SUPPORT OF THE MUNICIPAL GOVERNMENT OF THE CITY OF PROSPER, AND TO PROVIDE AN
INTEREST AND SINKING FUND FOR THE 1994-95 FISCAL YEAR, UPON ALL PROPERTY, REAL,
PERSONAL AND MIXED, WITHIN THE DORPORATE LIMITS OF SAID CITY SUBJECT TO TAXATION,
A TAX OF $ .321399 ON EACH $100.00 VALUATION OF PROPERTY, SAID TAX BEING SO
LEVIED AND APPORTIONED TO THE SPECIFIC PURPOSES HERE SET FORTH:
1 . FOR THE MAINTENANCE AND SUPPORT OF THE GENERAL GOVERNMENT (GENERAL FUND)
$ .238986 ON EACH $100.00 VALUATION OF PROPERTY; AND
2. FOR THE INTEREST AND SINKING FUND $ .082413 ON EACH $100.00 VALUATION OF
PROPERTY.
SECTION 2 . THAT TAXES LEVIED UNDER THIS ORDINANCE SHALL BE DUE OCTOBER 1 , 1994
AND IF NOT PAID ON OR BEFORE JANUARY 1 , 1995 SHALL IMMEDIATELY BECOME DELINQUENT.
SECTION 3 . ALL TAXES SHALL BECOME A LIEN UPON THE PROPERTY AGAINST WHICH ASSESSED,
AND THE CITY ASSESSOR AND COLLECTOR OF THE CITY OF PROSPER IS HEREBY AUTHORIZED AND
EMPOWERED TO ENFORCE THE COLLECTION OF SUCH TAXES ACCORDING TO THE CONSTITUTION AND
LAWS OF THE STATE OF TEXAS AND ORDINANCES OF THE CITY OF PROSPER SHALL, BY VIRTUE
OF THE TAX ROLLS, FIX AND ESTABLISH A LIEN BY LEVING UPON SUCH PROPERTY, WHETHER
REAL OF PERSONAL, FOR THE PAYMENT OF SAID TAXES, PENALTY AND INTEREST, AND, THE
INTEREST AND PENALTY COLLECTED FROM SUCH DELINQUENT TAXES AHLL BE APPORTIONED TO
THE GENERAL FUND OF THE CITY OF PROSPER. ALL DELINQUENT TAXES SHALL BEAR INTEREST
FROM DATE OF DELINQUENCY AT THE RATE AS PRESCRIBED BY STATE LAW.
SECTION 4 . THAT THIS ORDINANCE SHALL TAKE EFFECT AND BE IN FORCE FROM AND AFTER
ITS PASSAGE.
PASSED THIS 13th DAY OF SEPTEMBER, 1994, AT A REGULAR MEETING OF THE CITY COUNCIL
OF THE CITY OF PROSPER, THERE BEING A QUORUM PRESENT, BY 4 YEAS AND 0 NAYS,
AND APPROVED BY THE MAYOR ON THE DATE ABOVE SET OUT.
APPROVED :
J f
AY
ATTEST :
CItY SEC TA