Tax Information

ORDINANCE NUMBER 1036

AN ORDINANCE LEVYING AD VALOREM TAXES FOR THE CITY OF LA MARQUE, TEXAS, FOR THE TAX YEAR 2010; 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 Tax Year 2010, an ad valorem tax of and at the rate of $0.51436 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, 2010, 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 $0.407385 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 $0.106975 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 time for payment and penalty for delinquent payments shall be in accordance with State statute.

ARTICLE VI

EXEMPTIONS


The following exemptions are hereby authorized:


1.            Persons sixty-five (65) years of age or older - exemption is $20,000 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 ____ day of _________, 2010.



PASSED AND ADOPTED on the second and final reading this the _____ day of ______, 2010.




________________________________

Geraldine Sam,

Mayor



ATTEST:




__________________________________

Carolyn E. Anderson,

City Clerk


CITY OF LA MARQUE

TAX RATE

$. PER $100 OF VALUATION




M & O

DEBT

TOTAL

1996-1997

.3747

.1303

.5050

1997-1998

.3912

.1318

.5230

1998-1999

.4032

.1298

.5330

1999-2000

.39521

.12779

.5230

2000-2001

.43008

.11602

.5461

2001-2002

.42750

.10860

.5361

2002-2003

.42750

.10860

.5361

2003-2004

.43240

.00794

.51034

2004-2005

.4400

.0703

.5103

2005-2006

.4730

.0803

.5533

2006-2007

.42351

.09085

.51436

2007-2008

.43387

.08049

.51436

2008-2009

.42302

.09134

.51436

2009-2010

.407102

.107258

.51436

2010-2011

.407385

.106975

.51436



Effective October 1, 1991 the City implemented the collection of an additional ½ cent sales tax to be used to reduce property taxes.  This tax was approved by a citizen referendum.


M & O refers to that portion of the tax rate established by the tax ordinance to be used for Maintenance and Operations of the General Fund activities.


DEBT refers to that portion of the tax rate dedicated by the tax ordinance to be used to retire the current year general obligation debt service, as budgeted in the Debt Service Fund.  The FY 2010-2011 debt rate of $0.106975 is 21% of the tax rate.