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HomeMy WebLinkAboutResolution 1987-024 RESOLUTION NO. 87-24 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 1987, fifteen per cent (15%) (with a minimum of $5,000) of the assessed value of residental 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 $25,000.00 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 $25,000.00 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, 1987. ~~ Dan Echols - Mayor ATTEST: APPROVED AS TO FORM AND LEGALITY: ~~ Attorney