(A) Pursuant to the Texas Constitution, Art. VIII, Section 1-b, 10% of the market value of the residence homestead of a married or unmarried adult, including one living alone, shall be exempted from ad valorem taxation imposed by the city.
(B) Any person who makes a false affidavit in claiming homestead exemption shall be subject to all penalties and interest charges which accrue for lack of payment of taxes, and all other appropriate criminal penalties.
('68 Code, § 26-7) (Res. 3-1974-12, passed 2-19-74; Am. Ord. 9-1978-39, passed 9-12-78; Am. Ord. 01-2004-01, passed 1-13-04)