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ORDINANCE NO. 2006-036 <br />AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF PARIS, <br />PARIS, TEXAS, PROVIDING THAT THE CODE OF ORDINANCES OF <br />THE CITY OF PARIS, PARIS, TEXAS, BE AMENDED BY REVISING <br />SECTION 30-16, CHAPTER 30, ARTICLE II OF SAID CODE; PROVIDING <br />FOR AN INCREASE IN THE AMOUNT OF RESIDENCE HOMESTEAD <br />EXEMPTION FOR PERSONS SIXTY-FIVE (65) YEARS OF AGE OR <br />OLDER; REPEALING ALL ORDINANCES OR PARTS OF ORDINANCES <br />IN CONFLICT HEREWITH; MAKING OTHER FINDINGS AND <br />PROVISIONS RELATED TO THE SUBJECT; AND DECLARING AN <br />EFFECTIVE DATE. WHEREAS, the City Council of the City of Paris heretofore on September 25, 2006, <br />adopted Ordinance No. 2006- 032 approving the 2006-2007 budget for the City of Paris; and, <br />WHEREAS, a part of that budget includes an increase in the amount of residence <br />homestead exemption for persons sixty-five (65) years of age or older from $17,000.00 to <br />$20,000.00; NOW, THEREFORE, <br />BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF PARIS, PARIS, <br />TEXAS: <br />Section 1. That the fmdings set out in the preamble to this ordinance are hereby in all <br />things approved. <br />Section 2. That Section 30-16 of the Code of Ordinances of the City of Paris, Paris, <br />Texas, be, and the same is hereby, amended so that such shall read as follows: <br />"Sec. 30-16. Exemption from ad valorem taxes. <br />Upon compliance with all requirements of this article and all other <br />applicable laws and ordinances, twenty thousand dollars ($20,000.00) of the <br />assessed value of residence homesteads of persons sixty-five (65) years of age <br />or older shall be exempt from ad valorem taxes levied by the City." <br />Section 3. All ordinances or parts of ordinances in conflict herewith are hereby expressly <br />repealed. <br />Section 4. This ordinance shall become effective on October 1, 2006. <br />5--f (c) <br />