1201ORDINANCE NO. 1201
AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF
SOUTHLAKE, TEXAS, FIXING AND LEVYING MUNICIPAL AD
VALOREM TAXES FOR THE FISCAL YEAR BEGINNING
OCTOBER 1, 2018 AND ENDING SEPTEMBER 30, 2019, AND
FOR EACH YEAR THEREAFTER UNTIL OTHERWISE
PROVIDED, AT THE RATE OF $0.447 PER ONE HUNDRED
DOLLARS ($100.00) ASSESSED VALUE ON ALL TAXABLE
PROPERTY WITHIN THE CORPORATE LIMITS OF THE CITY
OF SOUTHLAKE, TEXAS, AS OF JANUARY 1, 2018, TO
PROVIDE REVENUES FOR THE PAYMENT OF CURRENT
EXPENSES AND TO PROVIDE AN INTEREST AND SINKING
FUND ON ALL OUTSTANDING DEBTS OF THE CITY;
DIRECTING THE ASSESSMENT THEREOF; PROVIDING FOR
DUE AND DELINQUENT DATES TOGETHER WITH
PENALTIES AND INTEREST THEREON, PROVIDING FOR
PLACE OF PAYMENT; PROVIDING FOR APPROVAL OF THE
TAX ROLLS PRESENTED TO THE CITY COUNCIL;
PROVIDING FOR THE REPEAL OF INCONSISTENT
ORDINANCES; PROVIDING FOR A SEVERABILITY CLAUSE;
AND DECLARING AN EFFECTIVE DATE.
WHEREAS, the City Council of the City of Southlake, Texas (hereinafter referred to as
the "City") hereby finds that the tax for the fiscal year beginning October 1, 2018, and ending
September 30, 2019, hereinafter levied for current expenses of the City and the general
improvements of the City and its property must be levied to provide the revenue requirements of
the budget for the ensuing year; and
WHEREAS, the City Council has approved, by a separate ordinance adopted on the 18th
day of September, 2018, the budget for the fiscal year beginning October 1, 2018, and ending
September 30, 2019; and
WHEREAS, all statutory and constitutional requirements concerning the levying and
assessing of ad valorem taxes have been complied with.
NOW THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF
SOUTHLAKE, TEXAS:
Section 1. That all of the above premises are found to be true and correct and are
incorporated into the body of this Ordinance as if copied in their entirety.
Section 2. That there is hereby levied and ordered to be assessed and collected for
the fiscal year beginning October 1, 2018, and ending September 30, 2019, and for each fiscal
year thereafter until it be otherwise provided by and ordained on all taxable property, real,
personal and mixed, situated within the corporate limits of the City of Southlake, Texas, and not
exempt from taxation by the Constitution of the State and valid State laws, an ad valorem tax rate
of $0.447 for the general operations of the City on each One Hundred Dollars ($100.00) assessed
value of taxable property, and shall be apportioned and distributed as follows:
a. For the purpose of defraying the current expenses of the municipal government
of the City, a tax of $0.357 on each One Hundred Dollars ($100.00) assessed
value of all taxable 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 1.42 PERCENT
AND WILL RAISE TAXES FOR MAINTENANCE AND OPERATIONS
ON A $100,000 HOME BY APPROXIMATELY $5.00.
b. For the purpose of creating a sinking fund to pay the interest and principal on all
outstanding debt of the City, not otherwise provided for, a tax of $0.09 on each
one Hundred Dollars ($100.00) assessed value of all taxable property, within the
City which shall be applied to the payment of such interest and maturities of all
outstanding debt.
Section 3. That all ad valorem taxes shall become due and payable on December
31, 2018, and all ad valorem taxes for the year shall become delinquent after January 31, 2019.
There shall be no discount for payment of taxes prior to January 31, 2019. A delinquent tax shall
incur all penalty and interest authorized by State law Sections 33.01 and 33.11 of the Property
Tax Code, to -wit: a penalty of six percent (6%) of the amount of the tax for the first calendar
month it is delinquent plus one percent (1%) for each additional month or portion of a month the
tax remains unpaid prior to July 1 st of the year in which it becomes delinquent.
Provided, however, a tax delinquent by July 1st incurs a total penalty of twelve percent
(12%) of the amount of the delinquent tax without regard to the number of months the tax has
been delinquent. A delinquent tax shall also accrue interest at a rate of one percent (1%) for
each month or portion of a month the tax remains unpaid. Taxes that remain delinquent on July
1, 2017, incur an additional penalty of twenty percent (20%) of the amount of taxes, penalty and
interest due, such additional penalty is to defray costs of collection due to contract with the City's
attorney pursuant to Section 6.30 of the Property Tax Code.
Section 4. Taxes are payable at the office of Tarrant County Tax Collector. The City shall
have available all rights and remedies provided by law for the enforcement of the collection of
taxes levied under this ordinance.
Section 5. That the tax rolls, as presented to the City Council, together with any
supplement thereto, be, and the same are hereby approved.
Section 6. That any and all ordinances, resolutions, rules, regulations, policies or
provisions inconsistent or in conflict with the provisions of this Ordinance are hereby expressly
repealed and rescinded to the extent of the inconsistency or conflict.
Section 7. If any section, article, paragraph, sentence, clause, phrase or word in this
Ordinance, or application thereto any person or circumstances is held invalid or unconstitutional
by a Court of competent jurisdiction, such holding shall not affect the validity of the remaining
portions of this Ordinance; and the City Council hereby declares it would have passed such
remaining portions of this Ordinance despite such invalidity, which remaining portions shall
remain in full force and effect.
Section 8. That the necessity of and levying municipal ad valorem taxes of the City for the
next fiscal year as required by the laws of the State of Texas, requires that this Ordinance shall
take effect immediately from and after its passage, and it is accordingly so ordained.
PASSED AND APPROVED on first reading this `?A day of sg✓wbl✓' ,
2018.
Z Th Laura Hill, Mayor
ATTEST: `-,-,
give d-4z"*t 44��r Carol Ann Bo ges
City Secretary
**49
PASSED AND APPROVED on second reading this ` day of
.52p�4vY , 2018.
Lau ill, Mayor
ATTEST:
Carol Ann Borges
City Secretary
APPROVED AS TO FORM:
City N9/a 0
Date::
S%aole
Effective: Ole