HomeMy WebLinkAboutORD 05.27.1980 - 65 or Older Advalorem Tax4?
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AN ORDINANCE AMENDING AN ORDINANCE
WHICH PROVIDES THAT NOT LESS THAN THREE
THOUSAND DOLLARS OF ASSESSED VALUE OF
RESIDENT HOMESTEADS OF ALL PERSONS SIXTY-
FIVE YEARS OF AGE OR OLDER BE EXEMPTED
FROM AD VALOREM TAXES UNDER CERTAIN CON-
DITIONS BY PROVIDING THAT NOT LESS THAN
THREE THOUSAND DOLLARS OF MARKET VALUE OF
RESIDENCE HOMESTEADS OF ALL PERSONS
SIXTY-FIVE YEARS OF AGE OR OLDER BE EXEMPTED
FROM AD VALOREM TAXES UNDER CERTAIN CON-
DITIONS.
WHEREAS, Article VIII, Section 1-b of the Texas Constitution provides that
from and after January 1, 1973, political subdivisions of the State may exempt not
less than three thousand dollars ($3,000.00) of the market value of residence home-
steads of all persons sixty-five (65) years of age or older from 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; now, therefore,
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF GEORGETOWN, TEXAS:
Section 1. of the above referenced ordinance is hereby amended to read as
follows:
Section 1. From and after January 1, 1973, three thousand dollars
($3,000.00) of— tiFe market avlue of residence homesteads as defined by law of 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 shall be exempt from City ad valorem taxes;
provided, however, that where the ad valorem tax has heretofore been pledged for
the payment of any debt, the taxing officers of the City shall have authority to con-
tinue to levy and collect the tax against the homestead property at the same rote as
the tax so pledged until the debt is discharged, if the cessation of the levy would
impair the obligation of the contract by chich the debt was created.
READ, ADOPTED, AND APPROVED by the City Council of the City of Georgetown,
Texas on first reading this 13th day of May, 1980, and on second reading this 27th day of
May, 1980.
ATTEST:
W.L. Walden, City Secretary
G.
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J hn C. Doerfler