The town hereby provides for participation in the Tarrant County Appraisal District. The appraisal district shall be authorized to perform all appraisal functions required under the state Property Tax Code. 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. 13(A); Ordinance 399-06 adopted 2/9/06; Ordinance adopting Code)
The property taxes levied by the board of aldermen 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. 13(B); Ordinance 399-06 adopted 2/9/06)
To defray the cost of collection of delinquent ad valorem taxes pursuant to section 6.30, Texas Tax Code, such taxes which become delinquent on or after February 1 of a year shall incur a penalty of 20% of the amount of taxes, penalty and interest due on the dates set forth below:
(1) 
For delinquent personal property ad valorem taxes for the years 2005 and thereafter, such penalty is imposed as provided by section 33.11, Texas Tax Code, after the tax remains delinquent on the 60th day after February 1 of such year;
(2) 
For taxes which become delinquent under section 26.07(f), 26.15(e), 31.03. 31.031, 31.032, or 31.04, Texas Tax Code, such penalty is imposed on June 1 of the year such taxes become delinquent as provided by section 33.08, Texas Tax Code;
(3) 
For all other ad valorem taxes, such penalty is imposed on such taxes that become delinquent before May 1 and remain delinquent on July 1 of the year they become delinquent as authorized by section 33.07, Texas Tax Code.
(1987 Code, ch. 1, sec. 13(C); Ordinance 399-06 adopted 2/9/06)
All of that certain tangible personal property known as freeport goods described in the Texas Constitution, article VIII, section 1-j, shall be fully taxable in the town beginning January 1, 1991, and all years thereafter, and the exemption provided by said article VIII, section 1-j, shall not apply to such property in the town.
(1987 Code, ch. 1, sec. 13(F); Ordinance 257 adopted 3/8/90)