Seven Points sets property tax freeze
SEVEN POINTS‑Seven Points City Council met at the Civic Center March 13. The meeting was relocated due to storm damage at city hall. Mayor Keith Betts gave an update on the progress, “the adjuster came last Friday (March 7), we are now waiting on the engineer. But it does not sound favorable for the building to be fixed due to it will have to be brought up to code. The police department was by far the worst hit. ”The temporary location of the city hall is 715 Seven Points Drive (State Highway 274). Betts said that he and a crew from Hamilton 360 have put other projects on hold and worked late into the night to get the building ready and to be something the city can be proud of.
After the building update the meeting continued with setting exemptions of ad valorem taxes. The Texas Comptrollers Office website states, “There is no state property tax. Property tax in Texas is locally assessed and locally administered. All real and tangible personal property in Texas is taxable in proportion to its appraised value unless the Texas Constitution authorizes an exemption. Texas law provides a variety of property tax exemptions for qualifying property owners.” The website also said, “To qualify for the general residence homestead exemption, a home must meet the definition of a residence homestead and an individual must have an ownership interest in the property and use the property as the individual’s principal residence.”
The Seven Points City Council asked the city attorney to create an ordinance for the council to read and approve. The council agreed on three percent for homestead exemption and for those 65 and above a freeze on their current bill for life or until they sell the property.
Councilmember Mary Wennerstrom made the motion to, “approve the ordinance for the homestead exemptions for residential homestead and disabled persons over 65 and older.” Wennerstrom continued with, “Section two of the residential homestead exemption will be at a three percent exemption.” The council also gave the mayor authorization to sign the ordinance once the attorney has made changes. Councilmember Valerie Bahm seconded the motion.
In other business, the council:
• Approved Blue Sky RV Park special use permit.
• Approved AdComp for credit card system.