(a)
Effective
January 1, 2023, there is hereby exempted from ad valorem taxes hereafter
levied by the city a portion of the appraised value of residence homesteads
of persons, married or unmarried, including those living alone, who
are under a disability for purposes of payment of disability insurance
benefits under Federal Old-Age, Survivors, and Disability Insurance,
or its successor, or of married or unmarried persons 65 years of age
or older, including those living alone. Beginning January 1, 2023,
the amount of the aforesaid exemption shall be $25,000.00 for the
tax year 2023 and for each year thereafter.
(b)
A
homestead exemption granted prior to January 1, 2023, for persons
65 years of age or older or those who are disabled under Federal Old-Age,
Survivors, and Disability Insurance shall be valid for years prior
to January 1, 2023, but after which time this section shall control.
(Ordinance 2023-001 adopted 1/17/2023)
