§ 36-73. Exemption granted.

Latest version.

(a)

Upon compliance with all the requirements of the applicable laws and ordinances, $10,000.00 of the assessed value of residence homesteads of persons 65 years of age or older shall be exempt from ad valorem taxes levied by the city.

(b)

Such exemption shall be effective as to such residence homesteads as may qualify from and after January 1, 1980. Eligibility for such exemption shall be determined each year as of January 1 of such year.

(Code 1971, § 15-6; Code 1992, § 18-66; Ord. No. 371, §§ 1, 2, 7-8-1980)

State law reference

Residence homestead exemption for the elderly, authority, Texas Tax Code § 11.13.

                    
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