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1987-060L CITY OF SOUTHLAK2 EXAS RESOLUTION NO. df Z 0 A RESOLUTION OF THE CITY OF SOUTHLAKE, TEXAS ADOPTING A DISABLED PERSONS EXEMPTION OF 50,000 OF THE APPRAISED VALUE OF THE PERSON'S RESIDENCE HOMESTEAD; PROVIDING AN EFFECTIVE DATE WHEREAS, Section 11.13 of the Texas Property Tax Code authorizes the City Council to adopt a resolution providing an exemption from city taxes in an amount of $50,000 of the appraised value of the residence homestead of a disabled person. NOW, THEREFORE, Be It Resolved By The City Council of The City of Southlake, Texas: Section 1. The City Council hereby declares that there shall be a disabled persons exemption from taxation by the City of $50,000 of the appraised value of a disabled person's residence homestead. The phrase "disabled person" shall mean a person having a disability for purposes of payment of disability insurance benefits under Federal Old -Age, Survivors, and Disability Insurance. The phrase "residence homestead" means a structure including a mobile home) or a separately secured and occupied portion of a structure (together with the land, not to exceed 20 acres, and improvements used in the residential occupancy of the structure, if the structure and the land and improvements have identical ownership) that: 1) is owned by one or more individuals; 2) is designed or adapted for human residence; 3) is used as a residence; and 4) is occupied as his principal residence by an owner who qualifies for the exemption. Section 2. Joint or community owners may not each receive the same exemption provided by or pursuant to this ordinance for the same residence homestead in the same year. An eligible disabled person who is 65 or older may not receive both a disabled and on elderly residence homestead exemption but may choose either. Section 3. The assessor and collector of the City may disregard the exemptions authorized by this ordinance and assess and collect a tax pledged for payment deducting the amount of the exemption if: of debt without 1) prior to adoption of the exemption, the City pledged the taxes for the payment of a debt; and 2) granting the exemption would impair the obligation of the contract creating the debt. Section 4. A qualified residential structure does not lose its character as a residence homestead if a portion of the structure is rented to another or is used primarily for other purposes that are incompatible with the owner's residential use of the structure. However, the amount of any residence homestead exemption does not apply to the value of that portion of the structure that is used primarily for purposes that are incompatible with the owner's residential use. Section 5. A qualified residential structure does not lose its character as a residence homestead when the owner who qualifies for the exemption temporarily stops occupying it as a principal residence if. that owner does not establish a different principal residence and intends to return and occupy the structure as his principal residence. Section 6. This resolution shall become effective after its adoption by the City Council. D PASSED AND ADOPTED this 1987. SEAL] ity Secretary, City of Texas APPROVED AS TO FORM Southlake, City Attorney, City#Wf 'MutTITake, Texas 2- 06030