HomeMy WebLinkAboutORD 10.14.1980 - Homestead Exemption72 9 C) - ;�L_
AN ORDINANCE PROVIDING THAT NOT LESS
THAN FIVE THOUSAND DOLLARS OF MARKET
VALUE OF RESIDENCE HOMESTESDS OF ALL
PERSONS SIXTY-FIVE YEARS OF AGE OR
OLDER BE EXEMPTED FROM AD VALOREM
TUXES UNDER CERTAIN COHD:TIONS AMD
DECLARING AN EMERGENCY.
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 resi'l-rce
homesteads of all persons sixty-five (65) years of age or older from ad valor_
taxes under certain conditions, provided that when .he exemption Is con -.c--.%6
from assessed value to market value, the same reduction is provided; n—'
WHEREAS, the City Council of the City of Georgetown, Texas, did pr,: -'ii('
approve :=,n ordinance providing for an exemption of not less than three thovsa.u:
dcliars ($3,000.00) of the assessed value of residence homesteads cf Fersor-s
Brio have attained the age of sixty-five (65) or older from ad valorarr. t,,.es .,.r
the 11th day of June, 1973;
Now, THEREFORE, BE IT ORDAINED by the City Council of the Citi of '�s•��•�c¢.,. n
Texas;
Section 1. From and after January 1, 1980, five thous3n4
-)f tli a market va 7 ue of res i deuce homesteads as def i ned by l aw a* y'
a:ti'-ned the age of sixty-five (651 years on or before January 1sd of
u:r which the exemption is claimed sha l 1 be exempt f rom C i t;! -,d, N•
provided, however, that where the ad valorem tax has her•cto:•.rc
the Payment of any dzbt,. the taxing officers of the City st.al" hast, Lac :• r :t
to continue to levy and collect the tax against the homebtead a:ep�r;� •:. -,.�
same rate as the tax so pledged until the debt is discnar0ed, c
t tie levy would i mva i r the ooi i :?atTon of the contract by wh : -. - tns
Section 2. For the preservation of order and general asif-r.:
heriby declared and this ordinance, shall take effect are;, be 'n f,3..,.
?iru aft— its passage.
READ, PAS -SED ANC APPROVED by the City Council of th;; Cit, r or
+-•ras cry first reading as an emergency this 14th day of OctcLarl. 4981
_1�14L (I. LAIL__
Jon C. Doerfler
Mayor
ATTEST:
� 1
i t , cec..retary
AN ORDINANCE PROVIDING THAT NOT LESS
THAN FIVE THOUSAND DOLLARS OF MARKET
VALUE OF RESIDENCE HOMESTESDS OF ALL
PERSONS SIXTY-FIVE YEARS OF AGE OR
OLDER BE EXEMPTED FROM AD VALOREM
TAXES UNDER CERTAIN CONDITIONS AND
DECLARING AN EMERGENCY.
WHEREAS, Article Vill, 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
homesteads of all persons sixty-five (65) years of age or older from ad valorem
taxes under certain conditions, provided that when the exemption is converted
from assessed value to market value, the same reduction is provided; 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 filth day of June, 1973;
Now, THEREFORE, BE IT ORDAINED by the City Council of the City of Georgetown,
Texas;
Section 1. From and after January 1, 1980, five thousand dollars ($5,000.00)
of the market value 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 the authority
to continue to levy and collect the tax against the homestead property at the
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.
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 14th day of October, 1980.
� j C_ OkLllp. I-./
Joh C. DoerfIer
Mayor
ATTEST -
Jim Colbert
City Secretary
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