(A) The homestead of any person who is 65 years of age or older which is situated within the city limits shall be exempt from taxation by the city for the first $25,000 of the appraised value thereof as determined by the county and appraisal district. The homestead of any person who is totally disabled which is situated within the city limits shall be exempt from taxation by the city for the first $20,000 of the appraised value thereof as determined by the county and appraisal district.
(B) For example, the home owner of the senior citizen aged 65 or older or a disabled person has been appraised by the appraisal district at $70,000. There shall be deducted from the appraised sum the amount of $25,000 for a person over age 65 and the property shall be taxed at $45,000, or there shall be deducted from the appraised sum the amount of $20,000 for a totally disabled person, and the property shall be taxed at $50,000.
(Ord. 106-89, passed 9-19-87; Am. Ord. 109-13, passed 9-17-13)