(A) An ad valorem tax in the amount per $100 of market value as is established annually by ordinance of the Board of Commissioners, as said market value is fixed by the County Appraisal District, shall be annually levied on all real property, personal property, and mixed property located and situated within the city limits, and any exceptions as established from time to time by the city or state. This tax shall be distributed to the general fund of the city.
(B) Any person failing to pay their taxes on or before January 31 of each year, shall be subject to the maximum penalties thereon allowed by law to be collected on delinquent taxes. All delinquent taxes shall bear interest at the highest per annum interest rate allowed by law to be collected on delinquent taxes and shall bear interest from the date of delinquency until paid.
(Ord. 434, passed - -86; Am. Ord. 443, passed 9-21-87; Am. Ord. 453, passed 9-19-88; Am. Ord. 465, passed 9-18-89; Am. Ord. 474, passed 9-17-90; Am. Ord. 484, passed 9-16-91; Am. Ord. 498, passed 9-21-92; Am. Ord. 518, passed 9-20-93; Am. Ord. 526, passed 9-19-94; Am. Ord. 536, passed 9-18-95; Am. Ord. 545, passed 9-16-96; Am. Ord. 553, passed 6-16-97; Am. Ord. 555, passed 9-15-97; Am. Ord. 566, passed 9-21-98; Am. Ord. 646, passed 9-16-02; Am. Ord. 663, passed 9-15-03; Am. Ord. 682, passed 9-20-04; Am. Ord. 756, passed 9-15-08; Am. Ord. 770, passed 9-21-09; Am. Ord. 790, passed 9-20-10; Am. Ord. 812, passed 9-19-11; Am. Ord. 826, passed 9-17-12; Am. Ord. 886, passed 9- 18-15; Am. Ord. 905, passed 9-19-16; Am. Ord. 926, passed 9-18-17; Am. Ord. 941, passed 9-17-18; Am. Ord. 1068, passed 9-16-24)