HomeMy WebLinkAbout966 04-26-1988ORDINANCE NO. 966
AN ORDINANCE ESTABLISHING A HOMESTEAD EXEMPTION
FOR 1988; PROVIDING FOR PUBLICATION; AND PROVIDING
AN EFFECTIVE DATE.
WHEREAS, heretofore, the Euless City Council, by appropriate ordinance, has
provided for a residential homestead exemption in the maximum amount allowed by
law; and
WHEREAS, for calendar year 1988 and subsequent years, the maximum
residential homestead exemption authorized to be granted by the City of Euless is
twenty percent (20 %) of the appraised value of a residence homestead; and
WHEREAS, the City Council for the City of Euless, Texas, desires to provide an
exemption from ad valorem taxation for residential homesteads in the maximum
amount allowed by law.
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY
OF EULESS, TEXAS:
SECTION I.
That there shall be exempted from the valuation of all residential homesteads
for which proper application shall have been made, an amount equal to twenty
percent (20 %) of the appraised value of such residential homestead, though in no
event less than Five Thousand and No /100 Dollars ($5,000.00) of the appraised value
of such residential homestead. The exemption shall be granted to any of such
residential homesteads qualifying for same as provided by law.
SECTION IL
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.
PRESENTED AND GIVEN FIRST READING at a regular meeting of the Euless
City Council on the 12th day of April 1988; by a vote of 3 ayes, 0 nays,
and 0 abstentions; GIVEN SECOND READING AND APPROVED at a regular
meeting of the Euless City Council on the26th day of April 1988; by a vote
of 5 ayes, 0 nays, and 0 abstentions.
APPROVED:
Harold Samuels, Mayor
A TTTCT.
MRM:0078a:msl:32888
ORDINANCE NO. 966
HOMESTEAD ORDINANCE Page 2