There is hereby established the authority to levy and collect an annual ad valorem (property) tax of not exceeding one and one half percent on the one hundred dollars valuation of taxable property within the city.
Providing for taxation of certain goods, wares, ores, and other tangible personal property that is forwarded out of this state within 175 days of its acquisition or importation into this state, sometimes called the “Freeport Exemption.”
(1986 Municipal Code, Title 1, Chapter 1, Section 1-1-1)
The city hereby elects to participate in the Hockley County Appraisal District. The said appraisal district shall be authorized to perform all appraisal and assessment functions required under the state property tax code. The city shall retain collection functions.
(1986 Municipal Code, Title 1, Chapter 1, Section 1-1-2)
In addition to other exemptions provided for in the State Property Tax Code, the city hereby exempts $25,000.00 of the appraised value of the residence homestead of any individual who is disabled or is 65 years of age or older as provided for in Section 11.13 of the State Property Tax Code. Applications for exemption shall be filed in accordance with Section 11.43 and 11.431 of the State Property Tax Code.
The city hereby adopts the special exemption as provided for in H.J.R. 81 of the 1981 Texas Legislature. The minimum exemption shall be $5,000.00 with a maximum exemption as follows:
Tax Years
Maximum Allowable Exemption
1982, 1983, 1984
40 percent of market value
1985, 1986, 1987
30 percent of market value
1988 and later
20 percent of market value
(1986 Municipal Code, Title 1, Chapter 1, Section 1-1-3)
The property taxes levied by the city each year shall become due on the first day of October of each year and for which the levy is made and shall become delinquent on the following first day of February. Penalties and interest for delinquent taxes shall incur in accordance with Section 33.01 of the State Property Tax Code.
(1986 Municipal Code, Title 1, Chapter 1, Section 1-1-4)
A person is entitled to a discount from the amount of current city property tax due if he pays the tax before January. The amount of discount shall be as follows:
(1) 
Three percent if paid in October.
(2) 
Two percent if paid in November.
(3) 
One percent if paid in December.
(1986 Municipal Code, Title 1, Chapter 1, Section 1-1-5)
Whereas the city has contracted with an attorney to enforce the collection of delinquent taxes pursuant to Section 6.30 of the State Property Tax Code, it is hereby provided, as authorized in Section 33.07 of the State Property Tax Code, that taxes that remain delinquent on July 1st of the year in which they become delinquent shall incur an additional penalty in the amount of 15 percent of the amount of taxes, penalty, and interest due, to defray costs of collection.
(1986 Municipal Code, Title 1, Chapter 1, Section 1-1-6)
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 503 adopted 12/13/11)