What board or entity sets the city property tax rate and…

Q. -What board or entity sets the city property tax rate and homestead exemption amounts for the City of Terrell and how can they be contacted with questions?

Answer – Thanks for your inquiry.

The City of Terrell City Council sets the tax rate annually after a public hearing in accordance with the Tax Code. The City has established the following homestead exemptions for the citizens of Terrell:

Owners of residential homesteads receive an exemption of ten percent of the total appraised value of the property or $5,000.00, whichever is more. The City also exempts $5,000.00 of the appraised value of the residence homestead of any individual who is 65 years of age or older, as provided for in Section 1.13 of the State Property Tax Code. If you have questions related to, your taxes please contact the City Secretary’s office at 972-551-6600. Information from the City of Terrell Code of Ordinances is outlined below:

(1) General percentage homestead tax exemption. As approved by the voters in a constitutional amendment on November 3, 1981, and as provided for in H.J.R./81 of the 1981 Texas Legislature, the city hereby grants a special exemption to all owners of residential homesteads, not just elderly persons, an exemption of ten percent of the total appraised value of the property or $5,000.00 whichever is more.

(2) Elderly homestead tax exemption. The city hereby exempts $5,000.00 of the appraised value of the residence homestead of any individual who is 65 years of age or older, as provided for in Section 1.13 of the State Property Tax Code in addition to the general percentage homestead tax exemption, as provided for in subsection (1) above.

Sincerely,

 

D.J. Ory, Mayor