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HomeMy WebLinkAboutResolution 1990-041 FESOLUI'ION NO. 90-41 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 1990, fifteen per cent (15%) (with a minimum of $5,000) of the assessed value of residential hanestead wi thin the City which is occupied by the owner as his hanestead. 2. Persons over the age of 65 years, claiming an exemption pursuant to Ordinance No. 676 shall have a $29,000.00 exemption fran the assessed value of a residential hanestead. 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 fran the assessed value of property owned by such disabled persons and used exclusively for hanestead purposes by such disabled persons. No person may claim both the "over 65" exemption and the "disability" exemption and no hanestead shall be subjected to both the "over 65" exemption and the "disability" exemption. 3. Persons claiming the exemptions must canply with the City Ordinances and Texas Property Tax Code. PASSED AND APPROVED this 10th day of September, 1990. ~) ATTEST: ~fL~ Je tte Rewis - City Secretary