§ 21-7. Homestead exemption for tax year 1987.

Latest version.

Pursuant to Tx. Const., art. VIII, § 1-b(e) and V.T.C.A., Tax Code § 11.13, 30 percent of the market value, or $5,000.00, whichever is greater, of any residence homestead of any married or unmarried adult, including one living alone, shall be exempt from all City of Grapevine, Texas (the "city") ad valorem taxes levied for the tax year 1987, and 20 percent for tax year 1988 and each subsequent tax year thereafter until repealed.

(Ord. No. 84-68, § 1, 9-18-84; Ord. No. 85-48, § 1, 9-17-85; Ord. No. 85-58, § 1, 9-16-86; Ord. No. 87-20, § 1, 4-28-87)

Editor's note

Section 21-7 is derived from the ordinances shown in the history note following said section, none of which were specifically amendatory of the Code.

                    
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