HomeMy WebLinkAbout0006_80-25 1980AN ORDINANCE ESTABLISHING THE ASSESSMENT RATIO
FOR AD VALOREM TAXES AT 100% EFFECTIVE JANUARY 1,
1981 AND DECLARING AN EMERGENCY.
WHEREAS, the City of Georgetown Texas, currently assesses ad vahorem
taxes at a ratio of 60% of market value; and
WHEREAS, Section 26.02 of the Texas Property Tax Laws requires an
assessment ratio of 100% to be effective January 1, 1981; Now, therefore
BE IT ORDAINED by the City Council of the City of Georgetown, Texas:
Section 1. Effective January 1, 1981, the Assessment Ratio for Ad
Valorem taxes on property in the City of Georgetown, Texas, shall be at
100%.
Section 2. For the preservation of order, and general welfare, an
emergency is hereby declared and this ordinance shall take effect and be
in force from and after its passage.
READ, PASSED AND APPROVED by the City Council of the City of Georgetown,
Texas on first reading as an emergency this 16th day of December 1.980.
U. - r, D" N',
J6hn C. Doerfler, ayo
C ty of Georgetowh
Jim Olbert, City Secretary
City of Georgetown
C.�j off' G'cry�o A
9,0•.25 1q90 1