HomeMy WebLinkAboutOrdinance 8647~. `~
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ORDINANCE NO. ~~_
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 SEVERABILITY 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 dis-
abled and elderly persons;-and
WHEREAS, in 1978 the City Council of the City of Fort Worth set
a residential homestead exemption for the elderly of $10,000.00 on
the assessed valuation of a residence; and
WHEREAS, in 1981 the City Council of the City of Fort Worth
raised the residential homestead exemption for the elderly from
$10,000.00 on the assessed valuation of a residence to $18,182.00 on
... .ar.
the assessed valuation of a residence to compensate for the change
to 100$ 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 increase
by 27~ the residential homestead exemption for the elderly.
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF FORT WORTH,
TEXAS:
SECTION I.
There is hereby exempted the sum of Twenty-three Thousand and
Ninety-one Dollars ($23,091.00) of the market value of residence
homesteads of persons, married or unmarried, sixty-five (65) years
of age or older, including those living alone, from all ad valorem
taxes hereafter levied by the City.
SECTION II.
Should any part, portion, section or part of a section of this
ordinance be declared invalid or inoperative or void for any reason
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by a court of competent jurisdiction, such decision, opinion or
judgment shall in no way affect the remaining protions, parts, sec-
tions or parts of sections of this ordinance, which provision shall
be, remain and continue to be in full force and effect.
SECTION III.
m This ordinance shall take effect upon its passage and will
apply to the ad valorem tax levies commencing with the year 1982.
APPROVED AS TO FORM AND LEGALITY:
µ~City Attorney
}Date ~ " 2 ~ - ~ "L
ADOPTED ~'- z ~ - ~"Z
EFFECTIVE g - Z ~--$' Z
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MnsPGR FI6H•1
City of Fort worth, texas
Glr'Y MAraACa~R•1 1
AGGAUN7ING 2 ~~~~~ ~~~ ~® ~L'~ lLi~~ ~t-/ (1 ~~~~ U,.'([r U (G~~`.W ~~1L/' (! (L
TRAN®PORTATION~PUBLIC WORKS-6
FINANCE 7
LAW~1
7AX'T
DATE REFERENCE SUBJECT Increase in Residential Homestea PAGE
9/28/82 NUMBER
G-5426 Tax Exemption for the Elderly 1
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Article VIII, 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 of the market value of
residence•homestead of disabled and elderly persons In 1981, the City Council
of the°•-Citq of Fort Worth took action to set a residential homestead exemption
for the elr~erly of $18,182 on the assessed valuation of a residence On
Sept_et~be.~ ,~1, 1982, when the City Council passed the 1982-83 Appropriations
_Or_dnance for operation of the various departments of the City of Fort Worth,
--•the-•Counc•il indicated that it desired to increase by 27 percent the residential
""homestead exemption for the elderly The increased exemption of $23,091 would
compensate for the change to 100 percent valuation tax assessment required by
the Property Tax Code of the State of Texas
Attached is a proposed ordinance which would exempt the sum of $23,091 of the
market value of residence homesteads of persons, married or unmarried, sixty-
five years of age or older, including those living alone, from all ad valorem
taxes hereafter levied by the City
Recommendation
It is recommended that the proposed ordinance be adopted
DAI ; c
Attachment
APPROVED BY
GI~`Y COUNCIL
SF? M~ 1982
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ADOPTED
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aRDINANCE N0
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SUBMITTED FOR IM ~
CITY MANAGER'S
OFFICE BY ~
DISPOSITION BY CDUNCIL. ~~
PROCESSED BY
„~A ~ ~ ~ APPROVED
ORIGINATING ~ OTHER (DESCRIBE)
DEPARTMENT MEAD Wade Adkins CITY SECRETARY
FOR ADDITIONAL INFOR-~p TI
Judson tiai~'iff Ext 8331
CONTACT DATE