§ 30-35. Homestead tax exemption for elderly or disabled people.

(a)

There is hereby created an exemption of the first $50,000.00 of the appraised value of all residence homesteads (for city tax purposes) belonging to a person or persons over the age of 65 years.

(b)

In order to qualify for this exemption each person holding legal title to such residence homestead must be over the age of 65 years prior to January 1 of the year the exemption is claimed.

(c)

There is hereby created an exemption of the first one percent of appraised value of all residential homesteads (minimum exemption $5,000.00).

(d)

There is hereby created an exemption of the first $50,000.00 of appraised value of all residential homesteads belonging to and occupied by a disabled person within the terms and meaning of V.T.C.A., Tax Code § 11.13(m).

(e)

In order to qualify for any exemption, each person must claim same and comply with those standards and regulations as set forth by the Tarrant County Tax Appraisal District and/or the Texas Property Tax Code.

(f)

The person claiming the exemption must be actually residing upon the property which is the subject of the exemption on January 1 of the taxing year and at the time of claiming the exemption. In addition, the person claiming the exemption must have held actual legal title to the property on January 1 of the taxing year and at the time of claiming the exemption.

(g)

This exemption shall apply to natural persons and not to corporations, partnerships, or associations.

(Ord. No. 668, 2-11-71; Code 1973, § 6-19; Ord. No. 714, 1-6-72; Ord. No. 877, §§ 1—5, 6-10-76; Ord. No. 955, §§ 1—5, 9-21-78; Ord. No. 970, §§ 1—5, 2-15-79; Ord. No. 1103, §§ 1—5, 10-21-82; Ord. No. 1198, §§ 1—7, 9-20-84; Res. No. R-2003-026-01, § III, 5-6-03)