(A) All property owners residing within the city limits, who have reached their sixty-fifth birthday and who have declared their exemption by proper method and application at the tax office, be exempt from paying taxes on the $3,000 amount as specified on their homestead.
(B) This exemption is to be applied to the 1975 tax year and the succeeding years.
(Ord. 338, passed 7-8-1974; Ord. 339, passed 8-12-1974)