§ 32-54. Maximum exemption of $10,000.00 of total value of residence.

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The value of a qualified homestead is exempted from ad valorem taxation up to a maximum of $10,000.00. The value of each qualified residence in excess of $10,000.00 shall remain subject to taxation. The homestead exemption provided for in this section shall not apply to any ad valorem taxes levied to pay interest on and retire bonded indebtedness.

(Ord. of 1-24-2011(01), § 4-101.8(B)(1), (2))

                    
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