HomeMy WebLinkAboutOrdinance No. 229 AN ORDINANCE OF THE CITY OF THE COLONY, TEXAS
ORDINANCE NO. ~-~
AN ORDINANCE OF THE CITY OF THE COLONY, TEXAS, AMENDING SECTION
2 OF ORDINANCE NO. 222 TO PROVIDE THAT ALL AD VALOREM TAXES SHALL
BECOME DUE AND PAYABLE ON OCTOBER 1, 1982; PROVIDING THAT ALL AD
VALOREM TAXES FOR THE YEAR SHALL BECOME DELINQUENT AFTER JANUARY
31, 1983; PROVIDING THAT THERE SHALL BE NO DISCOUNT FOR THE PAYMENT
OF TAXES PRIOR TO JANUARY 31, 1983; PROVIDING THAT A DELINQUENT TAX
SHALL INCUR ALL PENALTY AND INTEREST AUTHORIZED BY LAW INCLUDING
A PENALTY OF SIX (6%) PERCENT OF THE AMOUNT OF THE TAX FOR THE FIRST
CALENDAR MONTH IT IS DELINQUENT PLUS ONE (1%) PERCENT FOR EACH
ADDITIONAL MONTH OR PORTION OF A MONTH THE TAX REMAINS UNPAID
PRIOR TO JULY I OF THE YEAR IN WHICH IT BECOMES DELINQUENT. PROVIDING
FURTHER, HOWEVER, THAT A TAX DELINQUENT ON JULY 1 INCURS A TOTAL
PENALTY OF TWELVE (12%) PERCENT OF THE AMOUNT OF THE DELINQUENT
TAX WITHOUT REGARD TO THE NUMBER OF MONTHS THE TAX HAS BEEN
DELINQUENT; PROVIDING THAT A DELINQUENT TAX SHALL ALSO ACCRUE
INTEREST AT THE RATE OF ONE (1%) PERCENT FOR EACH MONTH OR PORTION
OF A MONTH THE TAX REMAINS UNPAID AND DECLARING AN EFFECTIVE DATE.
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF THE COLONY,
TEXAS:
SECTION 1
That Section 2 of Ordinance No. 222, heretofore adopted by the City Council
on the 27th day of September, 1982 be, and the same is hereby amended to read as
follows:
"SECTION 2
That all ad valorem taxes shall become due and payable on October
1, 1982, and all ad valorem taxes for the year shall become delinquent
after January 31, 1983. There shall be no discount for the payment of
taxes prior to January 31, 1983. A deIinquent tax shall incur all penalty
and interest authorized by law including a penalty of six (6%) percent of
the amount of the tax for the first calendar month it is delinquent plus
one (1%) percent for each additional month or portion of a month the
tax remains unpaid prior to July i of the year in which it becomes
deilnquent. Provided, however, a tax delinquent on July I incurs a total
penalty of twelve (12%) percent of the amount of the delinquent tax
without regard to the number of months the tax has been delinquent. A
delinquent tax shall also accrue interest at the rate of one (1%) percent
for each month or portion of a month the tax remains unpaid."
SECTION 2
Except as hereinabove amended Ordinance No. 222, heretofore passed by the
City Council of the City of The Colony, Texas, shall remain in full force and effect.
SECTION 3
This ordinance shall take effect immediately from and after its passage as the
law in such cases provides.
DULY PhaSED by the City Council of the City of The Colony, Texas this the
/~ day of ~, 1982.
/ MAYOR
ATTEST:
;//. f CITY SECRETARY
APPROVED AS TO FORM: