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ORD 2019-14 Homestead Exemption TOWN OF TROPHY CLUB ORDINANCE NO. 2019-14 AN ORDINANCE OF THE TOWN OF TROPHY CLUB, TEXAS APPROVING A RESIDENTIAL HOMESTEAD PROPERTY TAX EXEMPTION OF 1%, AS AUTHORIZED AND DEFINED BY SECTION 11.13(N) OF THE TEXAS PROPERTY TAX CODE, IN THE TOWN OF TROPHY, TEXAS; PROVIDING FOR THE INCORPORATION OF PREMISES; AUTHORIZATION OF RESIDENTIAL HOMESTEAD; PROVIDING FOR SAVINGS AND REPEALER; PROVIDING FOR SEVERABILITY; PROVIDING FOR ENGROSSMENT AND ENROLLMENT; AND PROVIDING AN EFFECTIVE DATE. WHEREAS, the Town of Trophy Club, Texas would like to establish a residential homestead exemption of 1% to provide tax relief to Trophy Club homeowners; and WHEREAS, the residential homestead exemption will reduce the taxable value of a homestead by the greater of either the adopted percent exemption or $5,000.00; and WHEREAS, Section 11.13(n) of the Texas Property Tax Code provides that the Town Council may adopt an exemption from taxation of a portion of the appraised value of the residence homestead. NOW, THEREFORE, BE IT ORDAINED BY THE TOWN COUNCIL OF THE TOWN OF TROPHY CLUB, TEXAS: SECTION 1. INCORPORATION OF PREMISES That, the above findings are hereby found to be true and correct and are incorporated herein in their entirety. SECTION 2. AUTHORIZATION OF RESIDENTIAL HOMESTEAD That, the Town Council of the Town of Trophy Club, Texas does hereby approve a residential homestead property tax exemption of 1% as authorized and defined by Section 11.13(n) of the Texas Property Tax Code. SECTION 3. SAVINGS AND REPEALER That this Ordinance shall be cumulative of all other Ordinances of the Town and shall not repeal any of the provisions of such Ordinances except in those instances where provisions of those Ordinances are in direct conflict with the provisions of this Ordinance; whether such Ordinances are codified or uncodified, and all other provisions of the Ordinances of the Town of Trophy Club, codified or uncodified, not in conflict with the provisions of this Ordinance, shall remain in full force and effect. SECTION 4. SEVERABILITY If any section, article, paragraph, sentence, clause, phrase or word in this Ordinance, or application thereof to any person or circumstance, is held invalid or unconstitutional by a Court of competent jurisdiction, such holding shall not affect the validity of the remaining portions of the Ordinance, and the Town Council hereby declares it would have passed such remaining portions of the Ordinance despite such invalidity, which remaining portions shall remain in full force and effect. SECTION 5. ENGROSSMENT AND ENROLLMENT The Town Secretary of the Town of Trophy Club is hereby directed to engross and enroll this Ordinance in the Ordinance records of the Town and to properly record this Ordinance in accordance with the Town Charter. SECTION 6. EFFECTIVE DATE This Ordinance shall take effect from and after its date of passage in accordance with law, and it is so ordained. PASSED AND APPROVED by the Town Council of the Town of Trophy Club, Texas, this 28th day of May 2019. C. Nick Sanders, Mayor Town of Trophy Club, Texas ORD 2019-14 Page 2 of 3 [SEAL] ATTEST: 0*1 ROPE,j, II/ G dr&ur H �► to Holly Fimbr s, Town Secretary 4 fr,‘ h Town of Trophy Club, Texas °'q g`# SWARY*\,� APPROVED TO AS FORM: /// 2 J. D. .i Pod• Ill, own Attorney Town of Trophy Club, Texas ORD 2019-14 Page 3 of 3