A ten percentage of the market value of the residence homestead of a married or unmarried adult, including one living alone, be exempted from ad valorem taxation imposed by the city for the tax year 2004 and shall continue in effect until modified or repealed by the City Council or by law.
('68 Code, § 26-8) (Ord. 9-1982-43, passed 9-14-82; Am. Ord. 01-2004-01, passed 1-13-04)