(a) 
Tax imposed.
The city council does hereby declare that all motor vehicles leased for personal use are hereby subject to ad valorem taxation and that the exemption from taxation provided for in subchapter B, chapter 11, section 11.252(a) of the Texas Tax Code, relative to motor vehicles leased used for personal use, shall not apply to the city.
(b) 
Definitions.
The following words, terms and phrases, when used in this article, shall have the meanings ascribed to them in this section, except where the context clearly indicates a different meaning:
Lease.
Has the meaning assigned by section 152.001(6) of the Texas Tax Code, which states that a lease is an agreement, other than a rental, by an owner of a motor vehicle to give for longer than 180 days exclusive use of the vehicle to another for consideration.
Motor vehicle.
A passenger car or truck with a shipping weight of not more than 9,000 pounds.
(Ordinance 315-01, adopted 11/20/01)
A homestead exemption of one-half percent (.5%) is granted to all qualified homeowners subject to the city’s property tax pursuant to the laws of the state regulating the assessment of ad valorem taxes. If this percentage produces an exemption of less than five thousand dollars ($5,000.00) when applied to a residence homestead, the individual shall be entitled to an exemption of five thousand dollars ($5,000.00) of the assessed value of the property.
(Ordinance 695-21 adopted 4/27/21)
There is hereby created and established an exemption to ad valorem property taxes imposed by the city on homesteads of disabled individuals or individuals who are sixty-five (65) years old or older in the amount of ten thousand dollars ($10,000.00). A person may not receive an exemption for more than one residence homestead, no matter where located, in the same year.
(Ordinance 695-21 adopted 4/27/21)
There is hereby created and established a tax freeze on the amount of property taxes imposed by the city on the homesteads of disabled individuals or individuals who are sixty-five (65) years old or older, which shall be governed by section 11.261 of the Tax Code, as follows:
(1) 
The tax freeze shall become effective beginning the 2021 tax year and shall remain effective for each successive year until otherwise amended or repealed by the city council or other appropriate authority.
(2) 
The total amount of ad valorem taxes imposed on the residence homestead of a person who qualified that residence homestead for the exemption in accordance with the Tax Code as that of a person who is disabled or is sixty-five (65) years of age or older shall not be increased while it remains in the residence homestead of that person or that person’s spouse who is disabled or sixty-five (65) years of age or older.
(3) 
If the person who is disabled or is sixty-five (65) years of age or older dies in a year in which the person received a residence homestead exemption, the total amount of ad valorem taxes imposed on the residence homestead shall not be increased while it remains the residence homestead of that person's surviving spouse if:
(A) 
The surviving spouse is fifty-five (55) years of age or older at the time of the person's death;
(B) 
The residence homestead of the deceased person is also the residence homestead of the surviving spouse on the date of the person's death; and
(C) 
The residence homestead remains the residence homestead of the surviving spouse.
(4) 
Notwithstanding anything contained herein, taxes on the residence homestead may be increased to the extent the value of the homestead is increased by improvements other than repairs and other than improvements made to comply with governmental requirements.
(5) 
A person may not receive a tax freeze for more than one residence homestead, no matter where located, in the same year. A person may designate a new residence homestead within the city in accordance with the Tax Code.
(6) 
The limitation on taxes provided by this article may expire in accordance with section 11.261(d) of the Tax Code. If a tax limitation is erroneously allowed, back taxes may be assessed in accordance with section 11.261(e) of the Tax Code.
(Ordinance 695-21 adopted 4/27/21)
These exemptions shall become effective beginning with tax year 2021 and shall remain effective for each successive year until otherwise amended or repealed by the city council or other appropriate authority.
(Ordinance 695-21 adopted 4/27/21)