File #: 23-0590    Version: 1 Name:
Type: Ordinance Status: Tabled Indefinitely
File created: 3/24/2023 In control: City Council
On agenda: 3/28/2023 Final action: 3/28/2023
Title: Ordinance amending Ordinance 17150 by increasing the exemption for ad valorem taxes for all qualified homesteads from 10% to 20% of assessed value but not less than $5,000 for all qualified resident homesteads; and increasing the exemption for ad valorem taxes for persons’ residence who are disabled or 65 years of age or older from $50,000 as approved by the citizens of Corpus Christi on April 4, 1987 to $62,500; Commencing Tax Year 2023.
Sponsors: City Manager's Office
Attachments: 1. Agenda Memo Inrease in Property Tax Exemptions, 2. Ordinance - Increasing Property Tax Exemption (2), 3. 13. 23-0590 Property Tax Exemption

Title

Ordinance amending Ordinance 17150 by increasing the exemption for ad valorem taxes for all qualified homesteads from 10% to 20% of assessed value but not less than $5,000 for all qualified resident homesteads; and increasing the exemption for ad valorem taxes for persons’ residence who are disabled or 65 years of age or older from $50,000 as approved by the citizens of Corpus Christi on April 4, 1987 to $62,500; Commencing Tax Year 2023.