(a)
A penalty shall be charged and collected from all persons who do
not pay their taxes prior to the first day of February for each tax
year. Penalty charges shall be in accordance with the following schedule:
(1)
If paid in February, 6%.
(2)
If paid in March, 7%.
(3)
If paid in April, 8%.
(4)
If paid in May, 9%.
(5)
If paid in June, 10%.
(6)
If paid in July, 12%.
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All delinquent taxes shall bear interest from the date of delinquency
at the rate of twelve (12) percent per annum, or one (1) percent per
month.
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(b)
Pursuant to section 33.07 of the state Property Tax Code, an additional
penalty of fifteen (15) percent of the amount of taxes, penalty and
interest that remain due after July 1 each tax year shall be assessed
to defray the cost of collection.
(1991 Code, sec. 32-26)
(b)
The exemption shall be effective for the tax year beginning January
1, 1993, and for each tax year thereafter.
(1991 Code, sec. 32-27)
The city releases and extinguishes in whole all indebtedness,
liability and obligation of any corporation, association or individual
from all ad valorem personal property taxes, including penalty and
interest, that have been due for a period of ten (10) years.
(1991 Code, sec. 32-28)
(a)
From and after January 2000, thirty thousand dollars ($30,000) of
the assessed valuation on residence homesteads, as now defined by
law, shall be exempt from taxation for all city purposes, provided
the homestead is owned by a person sixty-five (65) years or older.
(b)
Each person claiming this exemption shall make application therefor
on forms to be provided by the city. Each person claiming this exemption
shall make application not later than April thirtieth. It is the intent
of this section to ensure that application for homestead exemptions
are made for each tax year according to law.
(c)
A disabled individual or an individual sixty-five (65) years of age or older is entitled to an ad valorem tax limitation on the total amount of taxes that may be imposed by the city on such individual’s residence homestead as prescribed by and in accordance with article VIII, section 1-b(h) of the Texas Constitution, and section 11.261 of the Texas Tax Code.
(1991 Code, sec. 32-29; Ordinance 5306 adopted 6/6/05)
All such goods in transit, personal property, as defined by
the amendments to Texas Tax Code, section 11.253 under Senate Bill
1, shall be and are hereby declared to be taxable by the city, for
tax year 2012 and for every year thereafter, all as provided for and
in accordance with Texas Tax Code, section 11.253.
(Ordinance 5724 adopted 10/17/11)
