HomeMy WebLinkAboutResolution 1988-037
RESOLUTION NO. 88-37
BE IT RESOLVED by the City Council of the City of North
Richland Hills, Texas, that:
1.
There shall be exempt fran the City Ad Valorem Taxes for the
year 1988, 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 $25,000.00 exemption from the
assessed value of a residential hanestead. A person who is disabled wi thin
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 $25,000.00
exemption fran the assessed value of property owned by such disabled persons
and used exclusively for hanestead purposes by such disabled persons. No
person may claim both the "over 65" exemption and the "disability" exemption
and no hanestead shall be subjected to both the "over 65" exemption and the
"disability" exemption.
3.
Persons claiming the exemptions Imlst canpl y with the City
Ordinances and Texas Property Tax Code.
PASSED AND APPROVED this 26th day of September, 1988.
~~$~.~
Tarmy Brown - Mayo
ATTEST:
~~ Ê"A.Lt:"
.J ette Rewis - City Secretary
APPROVED AS TO FORM AND LEGALITY:
Atto