Ordinance 0709
LEVY OF PROPERTY TAXES FOR TAXABLE PROPERTY FOR CITY OF OAK LEAF FOR THE TAX YEAR OF 2007
A ORDINANCE TO ESTABLISH TAX RATE AND TO NOTIFY THE ASSESSOR/COLLECTOR OF THE CITY OF OAK LEAF FOR THE TAX RATE TO EMPLOY IN LEVYING PROPERTY TAXES FOR ALL TAXABLE PROPERTY WITHIN ITS JURISDICTION FOR THE TAX YEAR 2007
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF OAK LEAF, ELLIS COUNTY, TEXAS
That for the year 2007, there is hereby levied on all taxable property located within the limits of the City of Oak Leaf an ad valorem tax of $0.348644 on each and every $100 of taxable property value. Such tax shall be apportioned as follows.
A tax rate of $0.035517 is assessed and levied for debt purposes and $0.313027 assessed and levied for the maintenance and operational purposes of the City of Oak Leaf.
THIS TAX RATE WILL RAISE MORE TAXES FOR MAINTENANCE AND OPERATIONS THAN LAST YEARβS TAX RATE.
THE TAX RATE WILL RAISE TAXES FOR MAINTENANCE AND OPERATIONS ON A $100,000 HOME BY APPROXIMATELY $21.19
