File #: 23-1401    Version: 1 Name:
Type: Ordinance Status: Passed
File created: 8/17/2023 In control: City Council
On agenda: 8/29/2023 Final action: 9/5/2023
Title: Ordinance amending Ordinance 17150 by increasing the exemption for ad valorem taxes for all qualified residence homesteads from 10% to 20% of assessed value commencing Tax Year 2024 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 2024; providing that this ordinance is cumulative and for an effective date, severance, publication, and codification.
Sponsors: Finance & Procurement
Attachments: 1. Revised Agenda Memo - Homestead Exemption, 2. Ordinance Property Tax Exemption Increases All 2024 20230825

Title

Ordinance amending Ordinance 17150 by increasing the exemption for ad valorem taxes for all qualified residence homesteads from 10% to 20% of assessed value commencing Tax Year 2024 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 2024; providing that this ordinance is cumulative and for an effective date, severance, publication, and codification.