§ 70-1. Homestead exemption for elderly or disabled.

Latest version.

(a)

Authority; amount. In accordance with V.T.C.A., Property Tax Code § 11.13, as amended, the city council does hereby exempt $10,000.00 of the assessed value of resident homestead within the city to adult individuals who are disabled or are 65 years of age or older from all ad valorem taxes hereafter valued by the city.

(b)

Application. In order to have such exemption applied to a resident homestead, a taxpayer must timely file with the chief appraiser of the county appraisal district a proper application in accordance with V.T.C.A., Property Tax Code § 11.43.

(Ord. No. 86-251, §§ 1, 2, 4-2-86; Ord. No. 03-477, §§ 1, 2, 5-21-03; Ord. No. 05-511, §§ 1, 2, 7-23-05)

                    
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