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ORD 1986-11 - Homestead Tax Exemption ChangeORDINANCE NO. 86 -11 AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF HUNTSVILLE, TEXAS, AMENDING CHAPTER 15B -1, SETTING THE HOMESTEAD EXEMPTION FOR AGED AT $12,000.00; AND MAKING OTHER PROVISIONS RELATED THERETO. BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF HUTNSVILLE, TEXAS, that: Section 1: Chapter 15B, Taxation, of the Code of Ordinances of the City of Huntsville, Texas is hereby amended by the repeal of Section 15B -1 and 15B -2 as presently constituted and by the adoption of new Sections 15B -1 and 15B -2 that shall read as follows: ARTICLE I. HOMESTEAD EXEMPTION FOR AGED. Sec.15B -1. Homestead exemption for persons sixty -five years of age or older. From and after January 1, 1986, twelve thousand dollars ($12,000.00) of the assessed value of residence homesteads as defined by law of persons who have attained the age of sixty -five (65) years on or before January 1st of the year for which the exemption is claimed shall be exempt from city ad valorem taxes. Sec. 15B -2. Filing for exemption. In order to secure the benefit of the exemption, the owner shall file a completed exemption form as required by state law. (Texas Tax Code 3 11.43.) Section 2: This ordinance shall take effect immediately from and after its adoption. PASSED AND APPROVED this the 6th day of May, 1986. THE CITY OF HUNTSVILLE, TEXAS ATT DeS aw, City Secretary APPROVED AS TO FORM: Sigatrivk-st,"° Scott Bounds, City Attorney By Monday, ayor