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HomeMy WebLinkAbout1973-1AT A REGULAR MEETING OF THE CITY COUNCIL OF THE CITY OF DENTON, TEXAS, ~LD IN THE MUNICIPAL BUILDING OF SAID CITY ON THE 16TH DAY OF JANUARY, A. D. 1973. RESOLUTION WHEREAS a proposed Constitutional Amendment to Article VIII, Seotlon 1-b of the Texas Constitution was submitted to the quallf~ed electors of the State provIding that from and after January 1, 1973, polltlcal subdivisIons of the State may exempt from ad valorem taxes, Three Thousand ($3,000.00) Dollars of the assessed taxable value of resident homesteads of persons slxty-f~ve 65) years of age or older; and WHEREAS, on November 7, 1972, the re~u~red Constltutlonal Amendment was submitted to a vote of the qualified electors of the State and was duly adopted; and WHEREAS, the C~ty Council of the C~ty of Denton w~shes to grant the benefits of said exemption pursuant to sa~d Constitutional Amendment to lts applicable residents, now, therefore, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF DENTON. Seation I. That pursuant to Article VIII, Section l-b, of the Texas Constitution, Three Thousand ($3,000.00) Dollars of the assessed taxable value of resident homesteads of persons of s~xty-f~ve (65) years of age or older, shall be exempt from City Ad Valorem Taxes when taxes are lev~ed for the year 1973, and all subsequent lev~es, subject to the owner's compllance w~th the followIng requirements a) All beneflcial owners of the resident homestead shall be s~xty-f~ve (65) years of age or older as of January 1st of each tax year, beginnlng w~th 1973. b) The owners of the resident homestead shall submit to the Tax Assessor/Collector for the C~ty, before April 1st of each year, an affidavit that all beneflc~al owners of the property ~n question a~e s~xty-f~ve (65) years of age or older. The ~n~t~al exemption claim shall be accompanied by adequate proof of age, but subsequent renewals of the mxempt~on may be by affidavit only. SECTION II That any person who makes a false affidavit in claiming the homestead exemption, shall be subject to all penalties which exist for lack of payment of taxes, and all other approprlate criminal penalties. SECTION III. That th~s Resolution shall be effective retroactively to January 1, 1973, and it ls accordingly so resolved PASSED AND APPROVED thls the 16th day of January, A. D 1973 BILL NEU, MAYOR CITY OF DENTON, TEXAS ATTEST 17 B'R~O'KS HOLT, CItY 'SECRETARY CITY OF DENTON, TEXAS APPROVED/I~TO L~GAL FORM W~. RALPH ~I~N, CITY ATTORNEY CITY OF DENTON, TEXAS