HomeMy WebLinkAboutOrdinance 2327
ORDINANCE NO, 2327
AN ORDINANCE AUTHORIZING AND APPROVING RESIDENTIAL
HOMESTEAD, OVER 65, AND DISABILITY EXEMPTIONS FROM AD VALOREM
TAXES FOR THE 1998 TAX YEAR.
WHEREAS, the City Council determined the necessity for a residential
homestead exemption and an over 65 exemption; an~
WHEREAS, the City Council recognizes the special needs of disabled
persons; NOW THEREFORE:
BE IT ORDAINED BY THE CITY COUNCIL OF THE NORTH RICHLAND
HILLS, TEXAS, THAT:
1,
There shall be exempt from the City Ad Valorem Taxes for the year 1998,
fifteen percent (15%) (with a minimum of $5,000) of the assessed value of residential
homestead within the City which is occupied by the owner as his homestead.
2.
Persons over the age of 65 years, claiming an exemption pursuant to
Ordinance No. 676 shall have a $29,000.00 exemption from the assessed value of a
residential homestead, A person who is disabled within the meaning of Section 11,13
(m) of the Property Tax Code of the State of Texas, as of January 1 st of each year shall
be entitled to $29,000,00 exemption from the assessed value of property owned by
such disabled persons and used exclusively for homestead purposes by such disabled
persons, No person may claim both the "over 65" exemption and the "disability"
exemption and no homestead shall be subjected to both the "over 65" exemption and
the "disability" exemption.
3.
Persons claiming the exemptions must comply with the City Ordinances
and Texas Property Tax Code,
ORDINANCE NO. 2327
Page Two
4.
"Exemptions provided for in section 1 and 2 will remain in force by the City
of North Richland Hills unless the City Council of North Richland Hills takes action to
change either, or both,"
PASSED AND APPROVED this 14th day of September 1998.
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ATTEST:
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~~ia Hutson - City Secretary
AS TO FORM AND
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APPROVED AS TO CONTENT:
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