The taxes assessed and levied by the city are payable anytime after the approval and publication of the ordinance establishing the tax rate and not later than January 31 of the year following the year in which the taxes are assessed. The penalties and interest provided for herein shall accrue after January 31 of the year following the year in which the taxes are assessed. However, if the entire taxes due as provided herein are paid in full by January 31 of the year following the year in which the taxes are assessed, no penalty or interest shall be due.
(a) 
A delinquent tax shall incur the maximum penalty and interest authorized by V.T.C.A., Tax Code sec. 33.01, to-wit: a penalty of six percent of the amount of the tax for the first calendar month it is delinquent, plus one percent for each additional month or portion of a month the tax remains unpaid prior to July 1 of the year in which it becomes delinquent.
(b) 
Provided, however, a tax that is delinquent on July 1 of the year in which it becomes delinquent shall incur a total penalty of 12 percent 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 for each month or portion of a month the tax remains unpaid. Taxes that remain delinquent on July 1 of the year in which they become delinquent shall incur an additional penalty of 15 percent of the amount of taxes, penalty and interest due; such additional penalty is to defray the costs of collection as authorized by V.T.C.A., Tax Code sec. 6.30.
(c) 
A tax imposed on tangible personal property that is delinquent on or after February 1 of the year in which it becomes delinquent shall incur an additional penalty of 60 days after the date the tax becomes delinquent. The tangible personal property taxes that remain delinquent on April 1 of the year in which they become delinquent shall incur an additional penalty of 15 percent of the amount of taxes, penalty and interest due; such additional penalty is to defray the costs of collection as authorized by V.T.C.A., Tax Code sec. 33.11.
(Ordinance 07-12-67, sec. 2, adopted 12/4/07)
Taxes are payable at the office of the city tax assessor-collector. The city shall have available all rights and remedies provided by law for the enforcement of the collection of taxes levied under the subject ordinance.
All rollback taxes collected during any fiscal year shall be deposited only in the general fund of the city and said funds shall not be allocated, in whole or in part, to the debt service fund of the city.
(a) 
The City of Frisco, hereby designates the Tax Assessor Collector of Collin County, Texas, in compliance with V.T.C.A., Tax Code sec. 6.22(c), hereafter be authorized and required to assess and collect taxes for the City of Frisco, and to perform all the duties relating to the assessment and collection of such taxes provided by the laws of the State of Texas.
(b) 
All taxes collected by the County Tax Assessor Collector for the City of Frisco, including and penalties or interest which may be due thereof, and less any fees for such collection due the county, be remitted to them weekly.
(c) 
The City of Frisco shall provide the county tax assessor collector the current certified tax roll for the taxing unit on or about the first day of September of each year this section is in effect, including the ad valorem tax rate and any special tax assessments to be collected for the City of Frisco.
(d) 
The City of Frisco, shall transfer to the possession and control of the county tax assessor collector copies of all records necessary for the performance of the duties and responsibilities for the collection of ad valorem taxes, specifically including the delinquent tax roll which includes sufficient detail to be able to prepare a tax bill in accordance with V.T.C.A., Tax Code sec. 31.01.
(e) 
In accordance with V.T.C.A., Tax Code, sec. 6.27(b), the tax assessor collector shall be entitled to a reasonable fee for assessing and collecting such taxes, and that a fee of $1.00 per parcel of property on the current tax roll is authorized to be deducted from December monies before forwarding to the city.
(Ordinance 06-07-72, sec. 1, adopted 7/6/06)
The goods-in-transit, as defined in V.T.C.A., Tax Code sec. 11.253(a)(2), as adopted by Senate Bill 1 and enacted by the 82nd Texas Legislature in the First Special Session, shall remain subject to ad valorem taxation by the City of Frisco, Texas.
(Ordinance 07-12-66, sec. 2, adopted 12/4/07; Ordinance 11-12-57, sec. 2, adopted 12/6/11)