§ 98-56. Amount.

(a)

From and after October 1, 2018 for the 2018 tax year and following, the city council hereby exempts, by this division, $65,000.00 of the assessed value of all residential homestead situated within the corporate limits of the city, as owned on January 1 of the then current taxable year by married or unmarried persons 65 years of age or older, including those living alone, and who have attained such age on or before January 1 of said taxable year, from all ad valorem taxes thereafter levied by the city on such homesteads.

From and after October 1, 2018 for the 2018 tax year and following, the city council hereby exempts, by this division, $65,000.00 of the assessed value of all residential homestead situated within the corporate limits of the city, as owned on January 1 by an individual who is disabled, from all ad valorem taxes thereafter levied by the city on such homesteads. Qualifications and application for disability are in accordance with the Texas Tax Code.

Joint, community, or successive owners may not each receive the same exemption provided by or pursuant to this section for the same residence homestead in the same year. An eligible disabled person who is 65 or older may not receive both a disabled and an elderly residence homestead exemption but may choose either. A person may not receive an exemption under this section for more than one residence homestead in the same year.

(b)

However, it is provided 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 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.

(Code 1982, § 29-21; Ord. No. 819, § 1, 2-5-1973; Ord. No. 982, § 1, 2-1-1977; Ord. No. 1132, § 1, 9-18-1979; Ord. No. 99-02-20, § 1, 2-16-1999; Ord. No. 2005-02-013, § 1, 2-1-2005; Ord. No. 2006-03-025, § 1, 3-17-2006; Ord. No. 2017-06-072, § 1, 6-20-2017; Ord. No. 2017-06-075, § 1, 6-26-2017; Ord. No. 2018-06-049, § 1, 6-19-2018)

State law reference

Residence homestead exemption, Texas Const., art. 8, § 1-b, V.T.C.A., Tax Code § 11.13.