HomeMy WebLinkAboutResolution 599 'UTION FILE NO. .�
PROPOSING A CONSTITUTIONAL AMENDMENT ALLOWING A
LOCAL OPTION EXEMPTION OF $3,000 OF ASSESSED VALUATION
ON SINGLE-FAMILY, OWNER-OCCUPIED PROPERTY
WHEREAS, the City Council recognizes the need to provide meaningful tax
relief to the homeowners of Fort Worth; and
WHEREAS, the Constitution of the State of Texas specifies what property
must be taxed and what property must be exempt and may be exempt; and
WHEREAS, a Constitutional amendment to allow local taxing units, at their
option, to exempt up to $3,000 of assessed valuation on single-family, owner-
occupied property would effect such meaningful tax relief and if required to
allow for such exemption;
NOW THEREFORE LET IT BE RESOLVED, that the City Council of the City of
Fort Worth desires to seek amendment of the Constitution of the State of
Texas to allow for local option exemption of up to $3,000 of the assessed
valuation of single-family, owner-occupied property and expresses that desire
herewith by adoption of the attached Statement of Policy.
BE IT FURTHER RESOLVED, to authorize the City Manager to distribute the
adopted Statement of Policy to the Texas Municipal League, other major Texas
cities, members of the Tarrant County delegation, and other appropriate
individuals and groups to inform them of the City of Fort Worth's position
on this issue.
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