ORDINANCE NUMBER 948

AN ORDINANCE LEVYING AD VALOREM TAXES FOR THE CITY OF LA MARQUE, TEXAS, FOR THE FISCAL YEAR OCTOBER 1, 2005 TO SEPTEMBER 30, 2006; ESTABLISHING THE TIME OF PAYMENT THEREOF; THE PENALTY TO BE ASSESSED FOR DELINQUENT PAYMENTS; AND EXEMPTIONS.

BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF LA MARQUE, TEXAS;

                                                       ARTICLE I.

                                                                   LEVY OF TAX

There is hereby levied for the fiscal year commencing October 1, 2005, and ending September 30, 2006, an ad valorem tax of and at the rate of $.5533 on each One Hundred Dollar ($100.00) valuation on all property, real, personal and mixed, situated within the territorial limits of the City of La Marque, Texas on the first day of January, 2005, and not exempt by the law from taxation by the City of La Marque, being a City of more than five thousand (5,000) population, for the current expenses of the City and for the purpose of the construction or purchase of public buildings, water works, sewers and other permanent improvements and for the construction and improvements of roads, bridges and streets of such City within its limits.

                                                      ARTICLE II.

                                                  DIVISION AND PURPOSE OF TAX

The tax levied by this Ordinance is levied at the following respective rates for the purpose hereinafter stated and is to be used accordingly.

At the rate of $.4730 on each $100.00 valuation of property for the purpose of the current maintenance and operations expenses of the city and for the purpose of the construction or purchase of public buildings, water works, sewers and other permanent improvements and for the construction and improvement of roads, bridges and streets of the City.

At the rate of $.0803 on each $100.00 valuation of property for the purpose of long-term debt service payment obligations.

                                                      ARTICLE III.

                      TIME FOR PAYMENT AND PENALTY FOR DELINQUENT PAYMENTS

The penalty shall be assessed in accordance with State statute.

                                                      ARTICLE IV.

                                                                   EXEMPTIONS

The following exemptions are hereby authorized:

1.       Persons sixty-five (65) years of age or older - exemption is $20,000.00 from total valuation.

2.       Disabled person - exemption is $10,000.00 from the total valuation.

3.       Veterans - exemption as set by statute.

PASSED AND APPROVED on the first reading this the 12^th day of September 2005.

PASSED AND ADOPTED on the second and final reading this the 26^th day of September, 2005.

_____________________________________

Larry E. Crow, Sr.,

Mayor

ATTEST:

________________________________

Charlette Bristow,

City Clerk