All property, real, personal or mixed, lying and being within
the corporate limits of the City of Richland Hills on the first day
of January, shall be subject to taxation, excepting such property
as may be exempt from taxation under the Constitution, and the laws
of the State of Texas.
The governing body of the City shall have full power to provide
by ordinance for the prompt collection of taxes assessed, levied and
imposed under the Charter, and is hereby authorized, and to that end
may and shall have full power and authority to sell or cause to be
sold all kinds of property, real and personal, and shall make such
rules and regulations and ordain and pass all ordinances deemed necessary
to the levying, laying, imposing, assessing and collection of any
taxes provided for in the Charter.
There shall be exempt from taxation all property made exempt
by the Constitution and laws of the State and the ordinances of the
City.
All rights, privileges and franchises heretofore or hereafter
granted to and held by any person, firm or corporation, in the streets,
alleys, highways, or public grounds or places in said City, shall
be subject to taxation by said City, separately from and in addition
to the other assets of such person, firm or corporation, and the governing
body of the City may require the rendition and assessment thereof
accordingly.
The maximum tax rate shall not exceed $1.50 on the One Hundred
Dollars ($100.00) valuation of taxable property within the City.
The procedure for assessment, levying, rendition, penalties
and collection of taxes shall be governed by the laws of the State
of Texas.
