§ 78.077. Exemption.

(a)

A person who is 65 or older or is disabled is entitled to an exemption from city property taxation of $25,000.00 of the appraised value of the person's residence homestead.

(b)

Eligibility for the exemption is determined as of January 1 of each year.

(c)

The exemption must be applied for and must be approved by the chief appraiser of the appraisal district in accordance with state law.

(d)

The exemption may not be compounded for joint or community owners of a single homestead.

(e)

An eligible disabled person who is 65 or older may not receive both exemptions but may choose either.

(Code 1970, § 26-5; Ord. No. 2007-66, § 1, 12-4-07)

State law reference

Authority, V.T.C.A., Tax Code § 11.13(d)—(f).