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HomeMy WebLinkAboutResolution No. 83-20 RESOLUTION N0. l� � ��`�
A RESOLUTION ESTABLISHING A TAX EXEMPTION BASED ON A
PERCENTAGE OF THE MARKET VALUE OF RESIDENCE HOMESTEADS
WITHIN THE CITY OF FRIENDSWOOD, TEXAS, FOR THE 1983
TAXABLE YEAR; ESTABLISHING A TAX EXEMPTION OF TEN
THOUSAND DOLLARS ($10, 000.00) OF THE ASSESSED VALUE OF
RE5IDENCE HOMESTEADS WITHIN THE CITY OF FRIENDWOOD,
TEXAS, FOR PERSONS SIXTY-FIVE (65) YEARS OF AGE OR
OLDER FOR THE TAXABLE YEAR 1983 ; RATIFYING AND CON-
FIRMING A SIMILAR TAX EXEMPTION FOR THE 1982 TAXABLE
YEAR; AND MAKING OTHER FINDINGS AND PROVISIONS RELATED
TO THE SUBJECT.
�r * * � *
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF FRIENDSWOOD,
STATE �F TEXAS :
Section 1. The City Council of the City of Friendswood,
Texas , does hereby exempt from City ad valorem taxation for the
1983 taxable year forty percent (40%) of the market value, as
determined by law, of the residence homestead of each married
and unmarried adu1C responsible for the payment of such City
taxes, including an adult living alone, but in no event shall
the amount of such exemption be less than five thousand dollars
($5, 000. 00) .
Section 2. The City Council of the City of Friendswood ,
Texas , does hereby exempt ten thousand dollars ($10, 000.00) of
the assessed value of residence homesteads within the City for
married or unmarried persons sixty-five (b5) years of age or
older, including those living alone, from all ad valorem taxes
hereafter levied by the City for the taxable year 1983.
Section 3. Each person desiring such exemption or
exemptions shall file an application with the Chief Appraiser
of the Galveston County Appraisal District to qualify for said
1983 exemptions, said application to be in such form and f iled
at such time as shall be required by law.
Section 4. The grant of each of these exemptions shall be
in addition to any other exemption for which the recipient
shall be qualified under the law.
Section 5. The City Council of Che City of Friendswood ,
Texas , hereby ratifies and confirms similar tax exemptions for
the 1982 taxable year, to-wit : an exemption from City ad
valorem taxation for the 19$2 taxable year of either forty per-
cent (40�) of the market value, as determined by law, of the
residence homestead of each married and unmarried adult
responsible for the payment of such City taxes , including an
adult living alone, or five thousand dollars ($5, 000.00) ,
whichever was greater ; and an exemption of ten thousand dollars
($10, 000. 00) of the assessed value of residence homesteads
with in the City for marr ied or unmarr ied persons s ixty-f ive
(65) years of age or older, including those living alone, from
all ad valorem taxed levied by the City for the taxable year
1982 ; each such exemption to be in addition to any other
exemption for which the recipient was legally qualified .
PASSED AND APPROVED this �,S day of � s T , 1983.
� �� L�
Mayor
ATTEST:
S ��C ,�
City Secretary
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