There shall be exempt from taxation all federal, state, county and municipal property; property of educational, charitable and religious associations and institutions not used or held for profit shall be exempt from taxation.
Public debts, as evidenced by the bonds of Arizona, its counties, municipalities, or other subdivisions, shall be exempt from taxation. There shall further be exempt from taxation the property of widows and others, residents of this city, where by the laws of the state such property is made exempt from the state and county taxation.
All property in the city not exempt under the laws of the United States, the laws of the State of Arizona, under the Charter and ordinances of this city, shall be subject to taxation, to be ascertained as provided by ordinance.
No tax shall be levied except in pursuance of this Charter and the laws of the State of Arizona, and every ordinance imposing a tax shall state distinctly the object of the tax, to which object only it shall be applied.
(Ord. No. 1142, eff. 6-23-48)