ARTICLE 11.02 PROPERTY TAX

There is hereby granted a maximum homestead exemption of ten thousand dollars ($10,000.00) of the assigned value of residence homesteads of persons who have attained the age of sixty-five (65) years on or before the 31st day of December.

There is hereby granted a maximum homestead exemption of ten thousand dollars ($10,000.00) of the assessed value of residence homesteads of persons who qualify under the disability insurance program administered under the Social Security Administration.

There is hereby required that all applicants who qualify for the over sixty-five (65) years residence homestead exemption have made application with the Burleson County Central Appraisal District.

There is hereby granted only one residence homestead exemption. A choice of one or the other must be made.

The city hereby invokes the authority given by article VIII, section 1-j(b) of the state constitution to tax those freeport goods which would otherwise be exempted from ad valorem taxation by article VIII, section 1-j(a) and section 11.251 of the Texas Property Tax Code. The city elects not to observe the exemptions created by those provisions and to tax freeport goods to the full extent allowed by other law.

The city shall not observe the exemption enacted by article VIII, section 1-j(a) of the state constitution and section 11.251 of the Texas Property Tax Code or their successor provisions and shall tax freeport goods to the full extent allowed by other law for the 1990 tax year and for each subsequent tax year.

For purposes of this section, the phrase “freeport goods” means the personal property described in article VIII, section 1-j(1) of the state constitution and section 11.251(a) of the Texas Property Tax Code.