HomeMy WebLinkAbout0043_83-26AN ORDINANCE PROVIDING THAT NINE THOUSAND DOLLARS
($9,000.00) OF MARKET VALUE OF RESIDENCE
HOMESTEADS OF MARRIED OR UNMARRIED PERSONS
SIXTY-FIVE YEARS OF AGE OR OLDER, INCLUDING THOSE
LIVING ALONE, WILL BE EXEMPTED FROM ALL AD
VALOREM TAXES UNDER CERTAIN CONDITIONS AND SETTING
OUT SAID CONDITIONS.
WHEREAS, Article VIII, Section 1-b (b) of the Texas
Constitution provides that from and after January 1, 1973, the
governing body of political subdivisions of the State may exempt
not less than Three Thousand Dollars ($3,000.00) of the market
value of residence homesteads of married or unmarried persons
sixty-five (65) years of age or older, including those living
alone, from all 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 (65) or older from ad valorem taxes on the 11th
day of June, 1973; 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 Five Thousand Dollars ($5,000.00) of the assessed
value of residence homesteads of persons who have attained the
age of sixty-five (65) or older from ad valorem taxes on the 14th
day of October, 1980; and
WHEREAS, the City Council of the City of Georgetown, Texas,
intends to increase said exemption to Nine Thousand Dollars
($9,000.00) of the market value of residence homesteads of
persons who have attained the age of sixty-five (65) or older;
now, therefore
BE IT ORDAINED by the City Council of the City of
Georgetown, Texas, that from and after January 1, 1983, Nine
Thousand Dollars ($9,000.00) of the market value of residence
homesteads as defined by law of married or unmarried persons who
have attained the age of sixty-five (65) years on or before
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