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HomeMy WebLinkAbout2018-O-36 - 2018 Tax Rate ORDINANCE NO. 2018-0-36 AN ORDINANCE LEVYING A TAX RATE FOR THE CITY OF STEPHENVILLE, FOR THE TAX YEAR 2018 NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF STEPHENVILLE, TEXAS: That we, the City Council of the City of Stephenville, Texas, do hereby levy or adopt the tax rate of$100.00 valuation for this city for tax year 2018, as follows: $ 0.4384 for the purpose of maintenance and operation. $ 0.0366 for the payment of principal and interest on bonds. $ 0.4750 Total Tax Rate 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 2.50 PERCENT AND WILL RAISE TAXES FOR MAINTENANCE AND OPERATIONS ON A $100,000 HOME BY APPROXIMATELY $-0.70. The Tax Assessor/Collector is hereby authorized to assess and collect the taxes of the City of Stephenville,Texas, employing the above tax rate. PASSED and APPROVED this the 4th day of September, 2018. 4, 7•. f— `, Doug S , Mayor L• � ATTEST: V'/,••••• S . *1 Likt %SRP*O*R*P��O.00 \6, os `'''*,1,Ill 111**00`,`' Stasi LITT 1111 City Secretary Reviewed by Allen L. Barnes, City Administrator S‹ e."--------•-_ Approved as to form and legality Randy Thomas, City Attorney