The Council shall have the power, and is hereby authorized to levy, assess and collect annual taxes not to exceed the maximum limits set by the Constitution and laws of the State of Texas as they now exist or as they may be amended, on each $100 assessed valuation of all property having a situs within the corporate limits of the Town and not exempt from taxation by the Constitution and laws of the State of Texas.
Taxes shall be collected by the County Tax Assessor-Collector, or, by that person and/or entity - qualified for the collection of taxes under the then existing state law - designated by the Council for such purpose.
All taxes in the Town shall be payable at the office of the County Tax Assessor-Collector or any successor agency, or at such location or locations as may be designated by the Council, and may be paid at any time after the tax rolls for the year have been completed and approved. Taxes for each year shall be paid before February 1 of the next year, and all such taxes not paid prior to that date shall be deemed delinquent and shall be subject to penalty and interest in accordance with this State. The Council may provide discounts for the payment of taxes prior to January 1 in amounts not to exceed those established by the State.
Failure to levy and assess taxes through omission in preparing the appraisal rolls shall not relieve the person, firm or corporation so omitted from obligation to pay such current or past due taxes as shown to be payable by recheck of the rolls and receipts for the years in question, omitting penalty and interest.
All taxable property located in the Town on January 1 of each year shall stand charged from that date with a special lien in favor of the Town for the taxes due. All persons purchasing any such property on or after January 1 in any year shall take the property subject to the liens provided above. In addition to the liens herein provided, on January 1 of any year the owner of property subject to taxation by the Town shall be personally liable for the taxes due for that year.
The Town shall have the power to sue for and recover personal judgment for taxes without foreclosure, or to foreclose its lien or liens, or to recover both personal judgment and foreclosure. In any such suit where it appears that the description of any property in the Town appraisal rolls is insufficient to identify such property, the Town shall have the right to plead a good description of the property assessed, to prove the same, and to have a judgment foreclosing the tax lien or for personal judgment against those owning such property for taxes.
Except as herein provided, neither the Council nor any other official of the Town shall extend the time for payment of taxes nor remit, discount or compromise any tax due the Town, nor waive the penalty and interest that may be due thereon to any persons, firms, or corporations owing taxes to the Town for such year or years; provided, however, that this provision shall not prevent the compromise of any tax suit, or the correction of any errors in assessment, or preparation of tax rolls, or preparation of a tax statement. Such compromise or correction of errors shall first have the approval of the Council.