§ 30-19. Exemption to ad valorem taxes.

(a)

This exemption applies to ad valorem taxes levied by the City on homesteads owned by residents who are 65 years of age or older on January 1 and shall be effective for the tax years starting January 1, 1988.

(b)

An exemption of $5,000.00 will be deducted from the assessed value of homesteads owned and occupied by persons so qualified.

(c)

Applicants for exemption must apply to the Bexar Appraisal District between January 1 and April 30.

(d)

The application for exemption does not have to be renewed each year.

(e)

Applicants may file a late application for the exemption up to one year after the date the taxes were paid on the homestead or the date the taxes became delinquent, whichever date is earlier.

(Ord. No. 37, 11-19-1973; Ord. No. 37A, 7-18-1988)