(A) The City of Tool hereby grants a local option general homestead exemption for all qualified homeowners with the following limitations:
(1) To qualified homeowners 65 years of age or older, a $20,000 exemption.
(2) To qualified homeowners a $5,000 general exemption.
(3) To qualified homeowners a disabled veteran exemption.
(4) To qualified homeowners 65 years of age or older, a tax limitation (freeze) of ad valorem taxes.
(B) To be eligible for the above exemptions, an application must be filed with the Henderson County Appraisal District Office in Athens, Texas prior to April 1 of the year that an exemption is desired.
(Ord. 2014-02T, passed 8-21-2014; Ord. 2018-02T, passed 9-20-2018; Ord. 2019-05T, passed 8-15-2019; Ord. 2020-06T, passed 9-10-2020; Ord. 2023-10T, passed 8-17-2023; Ord. 2024-11, passed 10-17-2024; Ord. 2024-12, passed 10-17-2024)