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ORDINANCE NO. ~ll/
AN ORDINANCE BY THE CITY COUNCIL OF THE CITY OF FORT WORTH
PROVIDING A RESIDENTIAL HOMESTEAD EXEMPTION FROM AD
VALOREM TAXES FOR ELDERLY PERSONS; PROVIDING A SEVERABILI-
TY CLAUSE; AND DECLARING AN EFFECTIVE DATE.
WHEREAS, Article 8, Section 1-b of the Constitution of the
State of Texas permits a city to exempt by its own action not less
than $3,000.00 of the market value of residence homestead of disabl-
ed and elderly persons; and
WHEREAS, in 1982 the City Council of the City of Fort Worth
raised the residential homestead exemption for the elderly from
$18,182.00 on the assessed valuation of a residence to $23,091.00 on
the assessed valuation of a residence to compensate for the change
to 100% valuation tax assessment required by the Property Tax Code
of the State of Texas; and
WHEREAS, it is now the desire of the City Council to further
increase the residential homestead exemption for the elderly.
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF FORT WORTH,
TEXAS:
SECTION 1.
There is hereby exempted the sum of Forty Thousand Dollars
($40,000.00) of the market value of residence homesteads of persons,
married or unmarried, sixty-five (65) years of age or older, includ-
ing those living alone, from all ad valorem taxes hereafter levied
by the City.
SECTION II.
Should any part, portion, section or part of a section o~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
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shall be, remain and continue to be in full force and effect.
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SECTION III.
This ordinance shall take effect upon its passage and will
apply to the ad valorem tax levies commencing with the year 1984.
APPROVED AS TO FORM AND LEGALITY:
City Attorney
Date: ~ _ 1 ~ _ ~
ADOPTED:
EFFECTIVE:
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