§ 22-18. Residence homestead exemption—Standard.
Latest version.
In addition to any other exemptions provided by this chapter, the owner of a residence homestead who makes application therefor shall be entitled to an exemption from city ad valorem taxation of the greater of five thousand dollars ($5,000.00) or twenty (20) percent of the appraised value thereof.
(Code 1965, § 22-4)