(A) All real and personal property within the city and all personal property, except for tangible personal property having an actual and bona fide situs within the city, which is owned by any person domiciled or actually residing within the city on the assessment date hereinafter provided for, any corporation having its chief office or place of business within the city on that date, and/or any franchise of the same shall be subject to assessment and taxation for the general purposes of the city during the next succeeding fiscal year unless exempt from taxation by the State Constitution or state statutes.
(B) In addition, any franchise granted in whole or in part by the city shall be assessed and taxed by the city, notwithstanding the fact that the corporation owning or exercising the franchise may have its office or place of business elsewhere.
(1993 Code, § 54.01)