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OR 2001-940 Homestead Exemption AN ORDINANCE OF THE CITY OF COPPELL, TEXAS ORDINANCE NO. 2001-940 AN ORDINANCE OF THE CITY OF COPPELL, TEXAS, AMENDING THE CODE OF ORDINANCES BY AMENDING CHAPTER 1, TO ADD ARTICLE 1-15 TO PROVIDE FOR AN ANNUAL EXEMPTION FROM AD VALOREM TAXATION IN THE MINIMUM AMOUNT OF THREE PERCENT OF ASSESSED VALUE IN AN AMOUNT NO LESS THAN FIVE THOUSAND DOLLARS ($5,000.00) FOR INDIVIDUALS WHO ARE OWNERS OF RESIDENCES; PROVIDING A REPEALING CLAUSE; PROVIDING A SEVERABILITY CLAUSE; AND PROVIDING AN EFFECTIVE DATE. WHEREAS, the City Council desires to provide for annual exemptions from ad valorem property taxes for individuals who are the owners and occupants of residences; and WHEREAS, the City Council desires to establish the amount of the exemption for residence homestead of individuals; NOW THEREFORE BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF COPPELL, TEXAS: SECTION 1. That the Code of Ordinance of the City of Coppell, Texas be, and the same is hereby amended by amending Chapter 1, by amending Article 1-15 Taxation, to add Section 1-15-3, to read as follows: "ARTICLE 1-15 TAXATION Sec. 1-15-3. RESIDENCE HOMESTEAD EXEMPTION Pursuant to Article 8, Section 1-b of the Texas Constitution and Section 11.13(n) of the Texas Tax Code, an individual is entitled to an exemption of at least three (3%) percent of the appraised value, in an amount not less than five thousand dollars ($5,000.00), from ad valorem taxation; and, such amount shall be exempt from ad valorem taxation beginning with the tax year 2001 and continuing thereafter, provided, however, such individual qualifies and makes application for such exemption in accordance with the Texas Tax Code, as amended." SECTION 2. That all provisions of the ordinances and resolutions of the City of Coppell, Texas, in conflict with the provisions of this ordinance be, and the same are hereby, repealed, and all 1 39903 other provisions not in conflict with the provisions of this ordinance shall remain in full force and effect. SECTION 3. That should any word, phrase, paragraph, section or phrase of this ordinance or of the Code of Ordinances, as amended hereby, be held to be unconstitutional, illegal or invalid, the same shall not affect the validity of this ordinance as a whole, or any part or provision thereof other than the part so decided to be unconstitutional, illegal or invalid, and shall not affect the validity oftbe Code of ordinances as a whole. SECTION 4. That this ordinance shall take effect immediately from and alter its passage, as the law and charter in such cases provide, provided however the increase in the amount of appraised value of a residence homestead exempt from ad valorem taxation herein shall take effect beginning with tax year 2001. DULY PASSED by the City Council of the City of Coppell, Texas, this the 27th, day of March, 2001. CANDY SHEEHAN, MAYOR ATTEST: . LIBBY BALL , CITY SECRETARY ROBERT E. HAGER, CITY ATTORNEY (REH/cdb 3/19/01) 2 399o3