HomeMy WebLinkAboutResolution 1992-046
RESOLUTION NO. 92-46
BE IT RESOLVED by the city Council of the City of North
Richland Hills, Texas, that:
1.
There shall be exempt from the City Ad Valorem Taxes for
the year 1992, 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 1st 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.
PASSED AND APPROVED this 28th day of September, 1992.
~¡è'~
Tommy Browñ Mayor
ATTEST:
Secretary
FORM AND LEGALITY: