The exemption to ad valorem property taxes imposed by town on the residence homesteads of elderly (age 65 or older) and disabled individuals is hereby increased to the amount of $200,000.00. A person may not receive an exemption for more than one residence homestead, no matter where located, in the same year. The exemption shall be granted to any such residential homestead and the improvements qualifying for same as provided by law.
(Ordinance 17-0907D adopted 9/7/17; Ordinance 22-0526A adopted 5/26/2022; Ordinance 25-0724B adopted 7/24/2025)
In addition to any other exemption provided by state law or town ordinance, the owner of a residence homestead shall be entitled to an exemption from town ad valorem taxation in an amount equal to the greater of five thousand dollars ($5,000.00) or twenty percent (20%) of the appraised value of the residence homestead, subject to the limitations set forth in state law, including section 11.13(n) of the Texas Tax Code, as it exists or may be amended. The exemption shall be granted to any such residential homestead and the improvements qualifying for same as provided by law.
(Ordinance 20-0625B adopted 6/25/20)