1998-020 ResolutionRESOLUTION 98-20
A RESOLUTION BY THE CITY COUNCIL OF THE CITY
OF SOUTHLAKE PROVIDING FOR EXEMPTIONS FOR
RESIDENTIAL HOMESTEADS FOR PERSONS SIXTY-
FIVE (65) YEARS OF AGE OR OLDER, AND FOR
EXEMPTIONS OF RESIDENTIAL HOMESTEADS OF
DISABLED PERSONS, FROM CITY AD VALOREM
TAXES.
WHEREAS, the City Council wishes to alleviate the municipal tax burden on
those persons over sixty-five (65) and disabled persons; and
WHEREAS, pursuant to Article VIII, Section 1-b of the Texas Constitution, and
pursuant to the provisions of Section 11.13 of the Texas Property Tax Code, the
governing body of the taxing unit may specify the amount of residential homestead
exemption; and
WHEREAS, on September 16, 1986, pursuant to Article VIII, Section 1-b of the
Texas Constitution, and pursuant to the provisions of Section 11.13 of the Texas Property
Tax Code, Council approved the exemption of $50,000 of the assessed value of the
residential homesteads from the City ad valorem taxes for persons sixty-five (65) years of
age and older, NOW, THEREFORE<
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SOUTHLAKE,
TEXAS:
Section 1. That all matters stated in the preamble are true and correct and
incorporated herein as if copied in their entirety.
Section 2. That $75,000 of the assessed value of the residential homesteads of
persons sixty-five (65) years of age and older shall be exempt from City ad valorem
taxes.
Section 3. That $75,000 of the assessed value of the residential homesteads of
disabled persons shall be exempt from City ad valorem taxes.
Iffy -11
Section 4. That these amounts shall become effective for the t9971ax year.
PASSED AND ADOPTED, this the 3rd day of March, 1998.
i
Rick Stacy
Mayor
Resolution 98-20
March 3, 1998
Page 2
AT ST:
A
Sandra L. LeGrand
City Secretary
APPROVED AS TO FORM:
C ' ae'e-, -
6 City Attorney
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