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HomeMy WebLinkAboutOrdinances (O-86-604)-03/04/1986 1 yJ~ ).. 31-f4 4:3iJf.m. -bj 2 0-86-604 ORDINANCE NO. 3 AN ORDINANCE EXEMPTING A PORTION OF THE MARKET VALUE OF RESIDENT HOMESTEADS OF PERSONS SIXTY-FIVE YEARS OF AGE OR OLDER AND DISABLED PERSONS FROM ALL AD-VALOREM TAXES RENDERED AFTER THE PASSAGE OF THIS ORDINANCE. 4 5 6 WHEREAS, the City of Colleyville is authorized to grant exemptions to persons sixty-five years of age or older and disabled persons; and, 7 WHEREAS, the City of Colleyville has previously granted such an exemption in Ordinance No. 0-83-477; and, 8 9 WHEREAS, the City Council is of the opinion that said exemption should be increased; NOW, THEREFORE, 10 BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF COLLEYVILLE, TEXAS: 11 Sec. 1. THAT Thirty Thousand Dollars ($30,000.00) of the market value of the resident homestead of persons, married or unmarried, including those living alone, who are under a disability for purposes of payment of disability insurance benefits under the Federal Old Age Survivors and Disability Insurance or its successors and the resident homestead of persons, married or unmarried, sixty-five (65) years of age or older, including those living alone, is hereby exempted from all ad valorem taxes levied by the City of Colleyville after the date of the passage of this ordinance. 12 13 14 15 16 Sec. 2. THAT in order to receive such exemption, the person claiming same shall comply with Section 11.43 of the Property Tax Code of the State of Texas and any subsequent amendments thereof. 17 18 Sec. 3. THAT Ordinance No. 0-83-477 of the City of Colleyville and any other conflicting ordinance is hereby repealed. 19 20 AND IT IS SO ORDERED. 21 being conducted on the , 1986. The f~t reading ~~UbliC hearing Lj-f (( day of u7JJA "-c.t~ The s~~nd readin~an public hearing ;;Ls"T7Y day of ~t.,.t U'l 'L t being conducted on the , 1986. 22 23 24 25 eJ-J? 26 Ordinance 0-86-604 1 2 3 The t}rird reading andl~.lic .h.l~p~in.g being conducted on the Lj-f I day of 0~!Lt2. '''Lc:; >r / , 1986. , 4 CITY OF COLLEYVILLE 5 6 By: J. R. Hubbard, Mayor 7 ATTEST: 8 9 10 LaVada Johnson City Secretary 11 Approved as to form and legality: 12 13 Ross T. Foster City Attorney 14 15 16 17 18 19 20 21 22 23 24 25 2 26