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78 ORDINANCE 1982-58 AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF SAN MARCOS, TEXAS, AMENDING ARTICLE III, ENTITLED "RESIDENCE HOME- STEAD EXEMPTION FOR THE ELDERLY", OF CHAPTER 26, ENTITLED "TAXATION" OF THE CODE OF ORDINANCES OF SAID CITY TO IN- CREASE THE AMOUNT OF SAID EXEMPTION AND DECLARING AN EFFECTIVE DATE. WHEREAS, Section 11.13 of the Texas Property Tax Code allows an indiv~dual who is 65 years of age or older an exemption from taxation by a City of a portion of the appraised value of his residence homestead if said exemption is adopted by the governing body of the City; and, WHEREAS, said section allows the governing body to specify the amount of said exemption; and, WHEREAS, the City Council of the City of San Marcos, Texas desires to increase the amount of the exemption previously granted now, therefore, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF SAN MARCOS, TEXAS: SECTION 1. That Article III of Chapter 26 of the Code of Ordinances, City of San Marcos, Texas, is hereby amended to read as follows: ARTICLE III. RESIDENCE HOMESTEAD EXEMPTION FOR THE ELDERLY Sec. 26-30. Exemption. Upon compliance with all requirements of this article and all other applicable laws and resolutions, ten thousand dollars ($10,000.00) of the appraised value of residence homesteads of persons sixty-five (65) years of age or older shall be exempt from ad valorem taxes levied by the City of San Marcos, Texas. Sec. 26-31. Effective date. Such exemption shall be effective as to said res- idence homesteads as may qualify hereunder from and after January 1, 1982. Eligibility for such exemp- tion shall be determined each year as of January 1 of such year. Sec. 26-32. Application for exemption. The exemption provided for by this article shall not be allowed unless the person claiming such exemption shall file with and be approved by the Chief Appraiser of the Hays County Appraisal District in compliance with the Texas Property Tax Code. Sec. 26-33. Joint or community owners. Joint or community owners may not each receive the same exemption provided by or pursuant to this Article for the same residence homestead in the same year.