The city hereby provides for participation in the Falls County Appraisal District. The 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. Property tax administration shall be in accordance with the state Property Tax Code subject to the local options permitted under said code as provided for herein.
(1987 Code, ch. 1, sec. 17(A))
The property taxes levied by the city council each year shall become due on the first (1st) day of October of each year 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.
(1987 Code, ch. 1, sec. 17(B))
(a) 
Whenever any accounts for delinquent taxes owed the city are given to its tax attorney for collection on or after July 1 of the year they become delinquent, the city shall be entitled to, and shall collect, an additional penalty of fifteen percent (15%) of the delinquent taxes and penalty (including any interest owed) due on each delinquent property at the time of collection, either before or after suit and/or foreclosure sale, as provided by section 33.07 of the state Property Tax Code.
(b) 
In addition to the collection expenses provided for in subsection (a) of this section, whenever a delinquent tax suit is filed, the city shall be entitled to recover reasonable expenses, subject to the approval of the court, that are incurred by the city in determining the name, identity, and location of necessary parties and in procuring necessary legal descriptions of the property on which a delinquent tax is due, as provided by section 33.48(a)(3) of the state Property Tax Code.
(1987 Code, ch. 1, sec. 17(C))
In addition to other exemptions provided for in the state Property Tax Code, the city hereby exempts five thousand dollars ($5,000.00) of the appraised value of the residence homestead of any individual who is sixty-five (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 sections 11.43 and 11.431 of the state Property Tax Code.
(1987 Code, ch. 1, sec. 17(E))