There is hereby established the authority to levy and collect an annual ad valorem (property) tax of not exceeding one and one-half percent (1-1/2%) on one hundred dollars ($100.00) valuation of taxable property within the city. The tax rate shall be set annually by the city council in an amount to fund the annual budget of the city.
(1996 Code of Ordinances, Chapter 1, Article 18.00, Section 18.01)
The city hereby authorizes participation in the Grayson County Appraisal District. The said appraisal district shall be authorized to perform all appraisal and assessment functions required under the state property tax code.
(1996 Code of Ordinances, Chapter 1, Article 18.00, Section 18.02)
The City of Pottsboro hereby agrees to enter into an interlocal contract with Grayson County Tax Assessor-Collector to provide tax collecting services in accordance with Section 6.24 of the Property Tax Code of the State of Texas and the Interlocal Cooperation Act, Article 4413 (32), V.T.C.S.
(1996 Code of Ordinances, Chapter 1, Article 18.00, Section 18.04)
The property taxes levied by the city 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 (1st) day of February. Penalties and interest for delinquent taxes shall be incurred as provided for in accordance with Section 33.01 of the state property tax code.
(1996 Code of Ordinances, Chapter 1, Article 18.00, Section 18.05)
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 of the year in which they become delinquent shall incur an additional penalty in the amount of fifteen percent (15%) of the amount of taxes, penalty, and interest due, to defray the costs of collection.
(1996 Code of Ordinances, Chapter 1, Article 18.00, Section 18.06)
Pursuant to Article 8, Section 1-b of the Texas Constitution and Section 11.13(n) of the Texas Tax Code, there is hereby established an exemption of fifteen thousand dollars ($15,000.00) from ad valorem taxation; and, such amount shall be exempt from ad valorem taxation beginning with the tax year 2006 and continuing thereafter; provided, however, such individual qualifies and makes application for such exemption in accordance with the Texas Tax Code, as amended.
(Ordinance 1140 adopted 7/11/06)
From and after January 1, 2006, persons who have attained the age of 65 years of age or older before the end of the year and all qualified disabled persons shall have the homestead exemption in effect at the time and fifteen thousand dollars ($15,000.00) of the appraised value exempt from ad valorem taxation for all city purposes and when allowed by state law shall not have their taxes increased either in rate or in valuation for their homestead from the amount their taxes were at the time they reached the age of 65 or qualified as disabled provided, however, that any person qualifying in both categories may claim but one exemption, and provided further that where the ad valorem tax has heretofore been pledged for the payment of any debt, the taxing officers of the city shall have the authority to continue to levy and collect the tax against the homestead property at the same rate as the tax so pledged until the debt is discharged, if the cessation of the levy would impair the obligation of the contract by which the debt was created.
(Ordinance 1140 adopted 7/11/06)
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 the tax year 2012 and for every year thereafter, all as provided for and in accordance with Texas Tax Code, section 11.253.
(Ordinance 1277 adopted 10/4/11)