Ordinances calling elections as well as those certifying election results for the imposition of ad valorem taxes are on file in the office of the city secretary.
(Ordinance adopting Code)
(a) 
The city council does hereby exempt the residence homestead of all persons sixty-five (65) years of age or older from ad valorem taxes hereafter levied, such exemption being no less than $20,000.00 of the appraised value of such homestead property.
(b) 
In order to qualify for this exemption each person holding legal title to such residence homestead must be over 65 years on January 1st of the year exemption is claimed.
(c) 
There is hereby created a homestead exemption of 1% of the assessed value and not less than $5,000.00 per residence.
(d) 
There is hereby created an exemption of $10,000.00 of the assessed value for persons who are 100% disabled and unemployable.
(e) 
In order to qualify for such exemption it must be claimed in writing on a form to be provided by the Tarrant Appraisal District and signed by the person claiming the exemption between January 1st of the proceeding year and May 1st of the taxing calendar year.
(f) 
This exemption shall apply to natural persons and not to corporations, partnerships, or associations.
(g) 
This section shall be in full force and effect for and after taxable year 1984.
(Ordinance 213 adopted 6/14/84; Ordinance 417-06 adopted 10/5/06)
(a) 
Definitions.
The terms “elderly,” “disabled,” and “surviving spouse” shall be defined herein in accordance with article VIII, section 1-b, subsection (h) of the Texas Constitution.
(b) 
Tax limitation.
A person who is disabled or who is sixty-five (65) years of age or older (“elderly”) shall receive a residence homestead exemption prescribed or authorized by article VIII, section 1-b, subsection (h) of the Texas Constitution. For such persons, the total amount of ad valorem taxes imposed by the city shall not be increased while it remains the residence homestead of that person or that person’s spouse who is disabled or sixty-five (65) years of age or older and receives a residence homestead exemption on the homestead.
(c) 
Limitation extended to surviving spouse.
If a disabled person or an elderly person dies in a year in which the person received a residence homestead exemption prescribed by this section or any other ordinance, the total amount of ad valorem taxes imposed by the city may not be increased while it remains the residence homestead of that person’s surviving spouse if the spouse is fifty-five (55) years of age or older at the time of the persons death.
(d) 
Increase in value due to improvements.
Notwithstanding the provisions of subsections (b) and (c) of this section, 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 improvements made to comply with government requirements.
(e) 
Limitation made irrevocable.
The tax limitation established by this section may not be repealed and is hereby made irrevocable.
(Ordinance 423-08 adopted 4/17/08)
Goods-in-transit, as defined by Texas Tax Code section 11.253(a)(2), as amended by Senate Bill 1 enacted by the 82nd Texas Legislature in its First Special Session, shall be subject to taxation by the city.
(Ordinance 449-1 adopted 12/1/11)