HomeMy WebLinkAboutORD 1984-068 CITY OF GRAPEVINE, TEXAS
ORDINANCE NO. 84-68
AN ORDINANCE OF THE CITY OF GRAPEVINE, TEXAS, PRO-
VIDING FOR RESIDENCE HOMESTEAD EXEMPTION FROM AD
VALOREM TAXATION; AND PROVIDING AN EFFECTNE DATE.
WHEREAS, Article 8, Section 1-b(e) of the Constitution of the State of
,�� Texas and Section 11.13 of the Property Tax Code permits the City of
Grapevine, Texas to exempt a percentage of the assessed market value of the
residence homestead of a married or unmarried adult, including one living alone,
� from all ad valorem taxes; and
WHEREAS the City Council of the City of Grapevine, Texas desires to
exempt from all ad valorem taxes forty percent (40%) of the assessed market
value, or �5,000.00, whichever is greater, of said residence homesteads.
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE
CITY OF GRAPEVINE, TEXAS:
Section l. That pursuant to Article 8, Section 1-b(e) of the Constitution
of the State of Texas and Section 11.13 of the Property Tax Code, forty percent
(40°�0) of the market value, or $5,000.00, whichever is greater, of any residence
homestead of any married or unmarried adult, including one living alone, shall
be exempt from all City of Grapevine, Texas (the "City") ad valorem taxes
levied for the tax year 1984.
Section 2. This ordinance shall take effect immediately from and after
its passage and the publication of' the caption as the law and charter in such
cases provide.
PASSED AND APPROVED on the 18th day of September , 1984.
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Mayor Pro Tem, City of Grapevine, Texas
ATTEST:
L.
City Secretar�
[SEAL]
APPROVED AS TO FORM:
City Attorney
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