HomeMy WebLinkAbout0127_80-12 1980AN ORDINANCE AMENDING AN ORDINANCE WHICH
PROVIDES THAT NOT LESS THAN THREE THOUS
AND DOLLARS OF ASSESSED VALUE OF RESIDENT
HOMESTEADS OF ALL PERSONS SIXTY-FIVE YEARS
OF AGE OR OLDER BE EXEMPTED FROM AD VALOREM
TAXES UNDER CERTAIN CONDITIONS BY PROVIDING
THAT NOT LESS THAN THREE THOUSAND DOLLARS
OF MARKET VALUE OF RESIDENCE HOMESTEADS OF
ALL PERSONS SIXTY-FIVE YEARS OF AGE OR
OLDER BE EXEMPTED FROM AD VALOREM TAXES
UNDER CERTAIN CONDITIONS.
WHEREAS, Article Vill, Section 1-b of the Texas Constitution provides
that from and after January 1, 1973, political subdivisions of the State
may exempt not less than three thousand dollars ($3,000.00) of the market
value of residence homesteads of all persons sixty-five (65) years of age
or older from ad valorem taxes under certain conditions and,
WHEREAS, the City Council of the City of'Georgetown, Texas, did pass
and approve an ordinance providing for an exemption of not less than three
thousand dollars ($3,000.00) of the assessed value of residence homesteads
of persons who have attained the age of sixty-five (6$) or older from ad
valorem taxes on the 11th day of June, 1973; now, therefore,
BE iT ORDAINED BY THE CITY COUNCIL OF THE: CiTY OF GEORGETOWN, TEXAS;
Section 1. of the above referenced ordinance 1s hereby amended to
read as follows
Section 1. From and after January 1, 197`3, three thousand dollars
03,000.00 of the market value of residence homesteadsasdefined by law of
persons who have attained the age of sixty-five (69) years on or before
January 1st of the year for which the exemption Isclaimedshall be exempt
from City ad valorem taxes; provided, however, that where the ad valorem
tax has heretofore been pledged for the payment of any debt, the taxing
officers of the City shall have authority to continue to levy and collect
the tax against the homestead property at the same rate as the tax so
pledged until the debt Is discharged, If the cessation of the levy would
impair the obligation of the contract by which the debt was created.
READ, ADOPTED, AND APPROVED by the City Council of the City of George-
town, Texas on first reading this 13th day of May, 1980, and on second reading
this day of 1980.
Jofin C: Doerfler
Ma o r
-ATTEST:
w r
W.L. Wa1'den
City Secretary
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