HomeMy WebLinkAboutORD 83-26 - Exempt Ad Valorem Fees%Y
ORDINANCE NO. - 1p
AN ORDINANCE PROVIDING THAT NINE THOUSAND DOLLARS
($9,000.00) OF MARKET VALUE OF RESIDENCE HOMESTEADS
OF MARRIED OR UNMARRIED PERSONS SIXTY-FIVE YEARS OF
AGE OR OLDER, INCLUDING THOSE LIVING ALONE, WILL
BE EXEMPTED FROM ALL AD VALOREM TAXES UNDER CERTAIN
CONDITIONS AND SETTING OUT SAID CONDITIONS.
WHEREAS, Artice VIII, Section 1-b (b) of the Texas Constitution provides
that from and after January 1, 1973, the governing body of political subdivisions
of the State may exempt not less than Three Thousand Dollars ($3,000.00) of the
market value of residence homesteads of married or unmarried persons sixty-five
(65) years of age or older, including those living alone, from all ad valorem
taxes under certain conditions; and
WHEREAS, the City Council of the City of Georgetown, Texas, did pass and
approve an ordinance providing for an exemption of not less than Three Thousand
Dollars ($3,000.00) of the assessed value of residence homesteads of persons
who have attained the age of sixty-five (65) or older from ad valorem taxes on
the 11th day of June, 1973; and
WHEREAS, the City Council of the City of Georgetown, Texas, did pass and
approve an ordinance providing for an exemption of not less than Five Thousand
Dollars ($5,000.00) of the assessed value of residence homesteads of persons
who have attained the age of sixty-five (65) or older from ad valorem taxes on
the 14th day of October 1980; and
WHEREAS, the City Council of the City of Georgetown, Texas, intends to
increase said exemption to Nine Thousand Dollars ($9,000.00) of the market
value of residence homesteads of persons who have attained the age of sixty-
five (65) or older; now therefore
BE IT ORDAINED by the City Council of the City of Georgetown, Texas, that
from and after January 1, 1983, Nine Thousand Dollars ($9,000.00) of the market
value of residence homesteads as defined by law of married or unmarried persons
who have attained the age of sixty-five (65) years on or before January 1st of
the year for which the exemption is claimed, including those living alone, shall
be exempt from City ad valorem taxes; and provided that an eligible adult is
entitled to receive any other applicable exemptions provided by law; and provided
that where the ad valorem tax has theretofore been pledged for the payment of
any debt, the taxing officer of the political subdivisions shall have authority
to continue to levy and collect the tax against the homestead property at the
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same rate as the tax so pledged until the debt is discharged, if the
cessation of the levy would impair the obligation of the contract by
which the debt was created.
READ, PASSED AND APPROVED on first reading this 9th day of August, 1983.
READ, PASSED AND APPROVED on second and final reading this 22nd day of
August, 1983.
I C - Lil—,
J C. DOERFL R, MAYOR
ATTEST:
_i.--
- I LL -1- � cc, �� � ,JIM COLBERT, CIT SECRETARY
APPROVED: kS TO FO r 04