It shall hereafter be granted that, by majority vote of the city council, the city shall tax, as personal property, all eligible automobiles within the corporate limits of the city.
(2004 Code, sec. 34.60)
(a) 
Taxes that remain delinquent on July 1 of the year in which they become delinquent shall incur an additional penalty to defray costs of collection so long as the city has contracted with an attorney, pursuant to Tex. Tax Code, section 6.30, for collection of the taxes against which the additional penalty is imposed.
(b) 
The amount of the additional penalty imposed herein shall be an amount of money equal to 15% of the amount of taxes, penalty and interest due.
(c) 
A tax lien shall attach to the property on which the tax is imposed to secure payment of the penalty.
(d) 
If a penalty is imposed pursuant to this section, the city may not recover, in addition thereto, attorney’s fees in a suit to collect delinquent taxes subject to the penalty.
(e) 
The tax collector of the city shall deliver, as required by the state Property Tax Code, a notice of the delinquency and of the penalty to the property owner at least 30 days, and not more than 60 days, before July 1 of the year in which the taxes become delinquent.
(f) 
Should the city contract with another taxing unit for the collection of taxes, then the provisions of this section shall survive and be applicable to the delinquent taxes collected by the taxing unit collecting taxes for the city, and in such event the notice required by subsection (e) above shall be delivered by the tax collector for the contracting taxing unit.
(2004 Code, sec. 34.61)
The goods in transit, as defined by Texas Tax Code, section 11.253(a)(2), as amended by Senate Bill 1, enacted by the 82nd Texas Legislature in special session, shall remain subject to taxation by the city.
(Ordinance 2011-40 adopted 11/14/11)
Pursuant to article VIII, section 1-b of the Texas Constitution and section 11.261 of the Texas Property Tax Code (the “Tax Code”), the amount of ad valorem property taxes for residence homesteads owned by persons who are disabled, as defined by the Tax Code, or by persons sixty-five (65) years of age and older shall not be increased above the amount due for tax year 2018, except as provided by section 11.261 of the Tax Code. Qualified persons must make application for such tax freeze to the Collin County Central Appraisal District.
(Ordinance 2018-22 adopted 5/8/18)