ORDINANCE NO. 181 AN ORDINANCE ESTABLISHING, LEVYING AND ACCESSING AN ANNUAL AD VALOREM TAX ON ALL TAXABLE PROPERTY LOCATED AND SITUATED IN THE TOWN OF OAK RIDGE, COOKE COUNTY, TEXAS; ESTABLISHING AND SETTING A RATE FOR SUCH AD VALOREM TAX IN AN AMOUNT EQUAL TO $0.163500 PER HUNDRED VALUE TO BE BASED UPON $100.00 OF SUCH PROPERTYS ACTUAL MARKET VALUE; ESTABLISHING PARTICIPATION IN THE COOKE COUNTY APPRAISAL DISTRICT TO PERFORM ALL APPRAISAL, ASSESSMENT, AND COLLECTION FUNCTIONS AS REQUIRED AND PROVIDED BY THE PROPERTY TAX CODE AND THE LAWS OF THE STATE OF TEXAS; AND PROVIDING FOR AN EFFECTIVE DATE.
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