HomeMy WebLinkAboutResolution 455 A Resolution
SENIOR CITIZEN HOMESTEAD EXEMPTION
WHEREAS, the State of Texas did authorize a vote of the people
on an amendment to the Texas Constitution permitting
the exemption of not less than $3,000 of the assessed
value of resident homesteads of persons sixty-five years
of age or older; and,
WHEREAS, such amendment was voted on by the electorate of the
State of Texas on November 7, 1972; and,
WHEREAS, the required Constitutional amendment was duly adopted
by the residents of the State of Texas and carried by
a large majority in the City of Fort Worth; and,
WHEREAS, the City of Fort Worth implemented the Senior Citizen
Homestead Exemption in 1973 at the value of $3,000 per
homestead and increased the exemption in 1976 to
$4,000; and,
WHEREAS, the continued increase in the cost of living has seriously
impacted many Senior Citizens who are on fixed income;
and,
WHEREAS, the City of Fort Worth desires to provide additional
relief to Senior Citizens by increasing the Homestead
Exemption to $7,000,
NOW, THEREFORE BE IT RESOLVED,
That the City Council of the City of Fort Worth will,
in establishing the 1977-78 Budget, increase the Senior
Citizen Homestead Exemption to $7,000 in accordance with
the provisions of Article VIII, Section I-b of the Texas
Constitution.
RESOLUTION FILE NO. �{
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CITY OF FORT WORTH