The ad valorem taxes assessed and levied by the city shall be
payable on the first day of October of each calendar year, including
the year 1958, and each year thereafter, and shall be payable without
interest and penalty until the first day of February of the following
year. The taxes shall become delinquent on the first day of February.
(2001 Code, sec. 11.201)
Delinquency penalties and interest shall be in accordance with
V.T.C.A., Tax Code, chapter 33.
(Ordinance adopting Code)
Commencing with tax year 2002 and subsequent years thereafter,
a residential homestead tax exemption of fifteen thousand dollars
shall be granted to all owners of such homestead property who are
65 years of age or older who qualify for such exemptions pursuant
to section 11.13 of the Texas Property Tax Code.
(2001 Code, sec. 11.204)
In order to defray the costs of collection of delinquent personal
property taxes, the city will impose an additional penalty on delinquent
personal property taxes for tax year 2005 and subsequent years in
the amount of twenty percent (20%) of the delinquent tax, penalty,
and interest if the tax becomes delinquent on or after February 1
of a year and remains delinquent on the 60th day thereafter.
(2001 Code, sec. 11.205)
Goods in transit, as defined by Tex. Tax Code section 11.253(a)(2),
as amended by House Bill 621, enacted by the 80th Texas Legislature
in regular session, shall remain subject to taxation by the city.
(2001 Code, sec. 11.206)
