HomeMy WebLinkAboutOrdinance 9662_ ~ _
,. ~ <~
ORDINANCE N0. '~~(~~'~
AN ORDINANCE BY THE CITY COUNCIL OF THE CITY OF FORT WORTH
EXEMPTING FROM AD VALOREM TAXES A PERCENTAGE OF THE
APPRAISED VALUE OF A PERSON'S RESIDENCE HOMESTEAD AND
DECLARING AN EFFECTIVE DATE.
WHEREAS, Article 8, Section 1-b, Subsection (e) of the Texas
Constitution permits a city to exempt from ad valorem taxation a
percentage of the apprai ~d~'value of the residence homestead of a
married or unmarried person, including one living alone, provided
that such exemption may not exceed 30 percent for the year 1986; and
WHEREAS, the amount of the exemption authorized pursuant to
such provision may not be less than $5000; and
WHEREAS, it is the desire of the City Council to authorize such
a residence homestead exemption;
NOW THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY
OF FORT WORTH, TEXAS:
SECTION I.
Fifteen percent of the appraised value of the residence home-
stead of a married or unmarried person, including one living alone,
is hereby exempted from 1986 ad valorem taxes levied by the City. If
the exemption authorized by this section produces an exemption of
less than five thousand dollars when applied to a particular resi-
dence homestead, the person shall be entitled to an exemption of
$5,000 of the appraised value. A person who is eligible for an
exemption under this section shall also be entitled to receive other
~•~ ,n i. r
.~ „ t
y~
r Y
.. °•
applicable exemptions provided for by law, including an additional
residence homestead exemption for persons sixty-five years of age or
older where applicable.
SECTION II.
Should any part, portion, section or part of a section of this
ordinance be declared invalid or inoperative or void for any reason
by a court of competent jurisdiction, such decision, opinion or
judgment shall in no way affect the remaining portions, parts,
sections or parts of sections of this ordinance, which provision
shall be, remain and continue to be in full force and effect.
SECTION III.
This ordinance shall take effect upon its passage and will
apply to the ad valorem tax levy for the year 1986 only.
APPROVED AS TO FORM AND LEGALITY:
City Attorney
Date:
ADOPTED:
EFFECTIVE: ,~i „J~~
-2-
MASTER FILE+1'
ACCDUNTINtl 2 ~/Z~(y/ ®~ 11 ®B ~ ~®U LlIIL~ ~~L~'l-W~J1
TRANSPDRTATION~PUBLIC W KS• e1'
N DTER ADMINISTRATION T
•
y~~
~'J~
•
DATE REFERENCE SUBJECT PAGE
NUMBER
Residential Homestead Tax Exemption
lor~._
6-17-86 G-6699
Recommendation:
It i,s recommended that the attached ordinance be adopted establishing
a 15% residential homestead exemption for the tax year 1986
Background:
Article VIII, Section 1-b , Subsection (e) of the Texas Constitution and
Section 11 13(n) of the Tax Code permit a city to exempt from ad valorem
taxes a percentage of the appraised value of the residence homestead of
a married or unmarried per son If the percentage of the exemption produces
an exemption of less than $5,000, the individual is entitled to an exemption
of $5,000 The percentage of the exemption may not exceed 30 percent
for the 1986 tax year
In the 1985 tax year, the City Council granted a 15% residence homestead
exemption Persons receiving this exemption were also eligible for other
applicable exemptions, in cluding any additional homestead exemption for
persons sixty-five years or older
Attached is an ordinance which would continue the residential homestead
exemption at the 15% level during the 1986 tax year
WA do
Attachment
APPROVED BY
CfTY COUNCIL
~ u ~ 24 ~s~~
~~.~
cite Secretary of the
City of Fort Worth, Texal9
SUBMITTED FOR IHt ~ ~
CITY MANAGER'S DISPOSITION BY COUNCIL. PROCESSED BY
OFFICE BY APPROVED
ORIGINATING ~ OTHER (DESCRIBE)
DEPARTMENT HEAD• Wade Adki11S THE COUNCIL CHANGED THE CITY SECRETARY
RESIDENTTAL HOMESTEAD TAX
FOR ADDITIONAL INFORMATION
CONTACT W, qd EXEMPTION FROP•1 15% to 20%, DATE
~,; Adop ed Ordi~n~e ~o.