HomeMy WebLinkAbout522 09-13-1977ORDINANCE NO. 522
AN ORDINANCE AMENDING SECTION 5 -1 OF CHAPTER 5 OF THE CODE OF
ORDINANCES, CITY OF EULESS, TEXAS, TO INCREASE THE AD VALOREM
EXEMPTION OF RESIDENCE HOMESTEADS OF RESIDENTS OF THE CITY OF
EULESS SIXTY -FIVE (65) YEARS OF AGE OR OLDER FROM THREE THOUSAND
DOLLARS ($3,000.00) TO SEVEN THOUSAND DOLLARS ($7,000.00) OF THE
ASSESSED VALUE OF SUCH RESIDENCE.
WHEREAS, Section 1 -b of Article VIII of the Constitution of the
State of Texas authorizes political sub- divisions to exempt from
ad valorem taxation a portion of the value assessed as to residence
homesteads of residents who are sixty -five (65) years of age or
older, and
WHEREAS, the City of Euless, Texas, now exempts the sum of
Three Thousand Dollars ($3,000.00) of the assessed value of residence
homesteads for such citizen and desires to increase such exemption to
a sum of Seven Thousand Dollars ($7,000.00).
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY
OF EULESS, TEXAS:
I.
From and after the effective date of this ordinance, Section 5 -1
of Chapter 5 of the Code of Ordinances, City of Euless, Texas, shall
be and read as follows:
Sec. 5 -1. Homestead ad valorem tax exemption for persons sixty -five
(6 5 ) or over - Granted.
From and after January 1, 1978, and upon compliance with the
requirements hereafter set forth, there shall be exempted the sum
of seven thousand dollars ($7,000.00) of the assessed value of resi-
dence homesteads of residents of the City of Euless, Texas, who are
sixty -five (65) years of age or older from all ad valorem taxes
thereafter levied by such city.
II.
Effective Date. This ordinance shall be in full force and
effect from and after its passage and publication as provided by
the Euless City Charter and the laws of the State of Texas.
III.
The exemption herein created shall not apply to any ad
valorem tax heretofore pledged for the payment of any debt of
the City of Euless, Texas, if the cessation of such levy would
impair the obligation of the contract by which such debt was
created and the Tax Assessor - Collector of the City of Euless
shall have the authority to continue any such levy and collect
the tax against such homestead property at the same rate as
the tax so pledged until any such debt be finally discharged.
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Severaabbiilliity.. The provisions of this ordinance shall be,
and they are, - declared to be severable, and should any portion
thereof be declared to be invalid for any reason by a Court of
competent jurisdiction, such holding shall not effect the remain-
ing portions hereof.
APPROVED AND ADOPTED on final reading on-the- 13th day of
September , 1977.
ATTEST:
City Secretary
APPROVED AS TO F
City Attorney
APPROVED:
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Mayor
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