There is hereby assessed on all real property within the incorporated limits of the city an ad valorem tax pursuant to the authority of the Texas Constitution and the Texas Tax Code, as amended, subject to such exemptions and limitations as may be required by law or authorized by ordinance. The city council will determine the annual tax rate each year as provided in chapter 26 of the Texas Tax Code, as amended.
(Ordinance 2009-04, sec. 1, adopted 7/14/09; 2007 Code, sec. 71-1)
(a) 
Exemption established.
There is hereby created and established an exemption to ad valorem property taxes imposed by the city on the residence homesteads of elderly individuals in the amount of $30,000.00. A person may not receive an exemption for more than one residence homestead, no matter where located, in the same year.
(b) 
Definitions.
For purpose of this section, the following words and phrases shall have the following meaning:
(1) 
Elderly.
An adult who is 65 years of age or older.
(2) 
Residence homestead.
The same meaning as set forth in Texas Tax Code, section 11.13(j)(1), as it currently exists or may be amended.
(Ordinance 2009-04, sec. 1, adopted 7/14/09; 2007 Code, sec. 71-2)
(a) 
Exemption established.
There is hereby created and established an exemption to ad valorem property taxes imposed by the city on the residence homesteads of an individual with a disability in the amount of $30,000.00. A person may not receive an exemption for more than one residence homestead, no matter where located, in the same year.
(b) 
Definitions.
For purpose of this section, the following words and phrases shall have the following meaning:
(1) 
Disability.
Under a disability for purposes of payment of disability insurance benefits under Federal Old-Age, Survivors, and Disability Insurance.
(2) 
Residence homestead.
The same meaning as set forth in Texas Tax Code, section 11.13(j)(1), as it currently exists or may be amended.
(Ordinance 2009-04, sec. 1, adopted 7/14/09; 2007 Code, sec. 71-3)
The city adopts the limitation on the amount of ad valorem taxes that the city may impose against the residence homestead of a person who is 65 years of age or older provided in article VIII, section 1-b(h) of the Texas Constitution. Upon compliance with all requirements of this chapter, and all other applicable laws and resolutions, the total amount of ad valorem taxes that the city may impose against the residence homestead of a person who is sixty-five (65) years of age or older shall be calculated as provided in section 11.261 of the Texas Tax Code, or any successor to that section.
(Ordinance 2016-08 adopted 6/14/16)