Laserfiche WebLink
ORDINANCE NO. 2012 -45 <br />AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF <br />SAN MARCOS, TEXAS, SETTING THE TAX RATE FOR THE <br />2012 TAX YEAR AT 53.02¢ ON EACH $100 OF TAXABLE <br />VALUE OF REAL AND PERSONAL PROPERTY THAT IS <br />NOT EXEMPT FROM TAXATION; LEVYING TAXES FOR <br />THE USE AND SUPPORT OF THE MUNICIPAL <br />GOVERNMENT OF THE CITY FOR THE FISCAL YEAR <br />BEGINNING OCTOBER 1, 2012, AND ENDING SEPTEMBER <br />30, 2013; PROVIDING A SINKING FUND FOR THE <br />RETIREMENT OF THE BONDED DEBT OF THE CITY; <br />INCLUDING PROCEDURAL PROVISIONS; AND PROVIDING <br />AN EFFECTIVE DATE <br />BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF SAN MARCOS, <br />TEXAS: <br />SECTION 1. The tax rate for the City of San Marcos, Texas, for the tax year 2012 is <br />set at fifty-three and two hundredths cents (53.02¢) on each one hundred dollars ($100) of the <br />taxable value of real and personal property not exempt from taxation by the constitution and laws <br />of this state situated within the corporate limits of the City. <br />THIS TAX RATE WILL RAISE MORE TAXES FOR MAINTENANCE AND <br />OPERATIONS THAN LAST YEAR'S TAX RATE. THE TAX RATE WILL BE <br />EFFECTIVELY RAISED BY 1.2 PERCENT AND WILL RAISE TAXES FOR <br />MAINTENANCE AND OPERATIONS ON A $100,000 HOME BY <br />APPROXIMATELY $6.30. <br />SECTION 2. The tax rate in Section 1 above is levied for the tax year 2012 upon all real <br />and personal property not exempt from taxation by the constitution and laws of this State situated <br />within the corporate limits of the City, and shall be collected for the use and support of the <br />municipal government of the City of San Marcos, Texas, to provide a sinking fund for the <br />retirement of the bonded debt of the City, and to provide for permanent improvements in the <br />City; and this tax shall be apportioned to the following specific purposes: <br />A. For the payment of current expenses and to be deposited in the general fund (for the <br />purposes of maintenance and operation) twenty -six and fifty-one hundredths cents <br />(26.51 ¢) on each one hundred dollars ($100) of the taxable value of such property; and <br />B. To provide for a sinking fund for the payment of the principal and interest and the <br />retirement of the bonded debt as it becomes due, twenty -six and fifty-one hundredths <br />cents (26.51 ¢) on each one hundred dollars ($100) of the taxable value of such property, <br />or so much thereof, or so much more, if any, as shall be necessary to pay the principal and <br />interest of the current year. <br />