HomeMy WebLinkAboutResolution 1986-037
RESOLUTION NO. 86-37
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 1986, ten per cent (10%) (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 person. 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 11th day of September, 1986.
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Dan Echols - Mayor
ATTEST:
,.
Secretary
APPROVED AS TO FORM AND LEGALITY:
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