[1]
State law reference—Authority of municipality to impose property taxes, V.T.C.A., Tax Code, sec. 302.001.
Property taxes for 1983 and prior years that remain delinquent on July 1, 1984 shall incur an additional penalty to defray costs of collection, said penalty to be in the amount of fifteen (15) percent of the amount of taxes, penalty and interest due the City, which fee shall be an authorized collection expense. Property taxes that remain delinquent on July 1st of the year in which they become delinquent shall incur an additional penalty to defray costs of collection, said penalty to be in the amount of fifteen (15) percent of the amount of taxes, penalty and interest due the City, which fee shall be an authorized collection expense.
State law reference–Imposition of penalty for collection of delinquent taxes, V.T.C.A., Tax Code, sec. 302.001.
(Ordinance CO24-18-04-26-E2 adopted 4/26/18)
The residence homestead property tax exemption for individuals who are disabled shall be twenty thousand dollars ($20,000.00) and the exemption for individuals who are sixty-five (65) years of age or older shall be thirty thousand dollars ($30,000.00).
State law reference—Homestead tax exemptions, V.T.C.A., Tax Code, sec. 11.13.
(Ordinance CO24-18-04-26-E2 adopted 4/26/18)
Beginning for the tax year commencing on January 1, 2018, the residence homestead exemption property tax within the City shall be 1% of the appraised value of the individual’s residence homestead or a minimum of $10,000.00.
(Ordinance CO24-18-04-26-E2 adopted 4/26/18)
Penalties and interest at the maximum rates allowed by state law shall be assessed against all delinquent property taxes.
(Ordinance CO24-18-04-26-E2 adopted 4/26/18)