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HomeMy WebLinkAboutResolution No. 86-07 RESOLUTION N0. R 86-7 A RESOLUTION ESTABLISHING A TAX EXEMPTION ON RESIDENTIAL HOMESTEADS WITHIN THE CITY OF 30� OF THE APPRAISED VALUE THEREOF; AND PROVIDING OTHER MATTERS RELATING TO THE SUBJECT. * * * * * BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF FRIENDSWOOD, STATE OF TEXAS : Section 1 . In accordance with subsection (h) of Section 11.13 of the `Texas Property Tax �ode, as amended, �he City Council of the City of Friendswood, Texas , daes hereby exempt from taxation 30� of the appraised value of residential homesteads within the City. Section 2. Application. In order to have such exemption applied to a resident homestead, a person claiming such exemption must timely file with the Chief Appraiser of the applicable county appraisal district an application in accordance with Section 11.43 of the Texas Property Tax Code. Section 3. The resident homestead exemption provided for herein shall apply for the tax year 1986 and all subsequent tax years unless modified �y further action of the City Council or by operation of law. PASSED, APPROVED, AND RESOLVED this the 28th day of April , 1986. OC..- Mayor ATT . . . � City ecretary