HomeMy WebLinkAbout645 10-14-1980ORDINANCE NO. 645
AN ORDINANCE AMENDING SECTION 5 -1 OF CHAPTER 5 OF
THE fODE 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 SEVEN THOUSAND
DOLLARS'($7,000,00) TO TEN THOUSAND SEVEN HUNDRED
AND SEVENTY DOLLARS ($10,770,00) 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 Seven Thousand Dol-
lars ($7,000.00) of the assessed value of residence homesteads for such citizen and
desires to increase such exemption a sum of Ten Thousand Seven Hundred and Seventy
Dollars ($10,770.00).
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF EULESS, TEXAS:
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 (65)
or over - Granted
From and after January 1, 1980, and upon compliance with the requirements
hereafter set forth, there shall be exempted the sum of Ten Thousand Seven Hundred
and Seventy Dollars ($10,770.00) of the assessed value of residence 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.
The exemption herein created shall not apply to any ad valorem tax hereuntofore
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.
U.
Severability. 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 remaining portions hereof.
APPROVED AND ADOPTED on final reading on the 14th day of October ,
1980.
APPROVED:
ATTEST:
City Secretary
APPROVED AS TO FORM:
0 Z*
Ci y Attorney