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Section An subject (t) (2) (3) (4) (5) 35-173. General prerequisites to grant. exemption shall be granted to persons eligible, to the following conditions: The person making own title to the claimed. application must own or partially property for which exemption is The person making application must be permanently and totally disabled or must be sixty-five (65) years old or older as of June thirtieth of the immediately preceding taxable year. In the case of joint ownership between spouses occupying such property, eligibility of either spouse shall establish eligibility of both. The person makin~ application shall not have disposed of assets to future heirs within the preceding five (5) years if such assets would have made the applicant ineligible under the requirements of this section. The total combined income from all sources for the immediately precedinq calendar year of the owner or owners claiming tax exemption and of the owner's/owners' relatives or other househcld member living in the subject dwelling shall not exceed forty thousand dollars ($40,000.00). The net combined financial worth, including equitable interests, as of the thirty-first day of December of the immediately preceding calendar year, of the owner or owners and of the spouse of any owner, excluding the value of the dwelling and the land, not exceeding one (1) acre, upon which it is situated, and excluding furniture, household appliances and other items typically used in a home, shall no¢ exceed one hundred fifty thousand dollars ($150,000.00). Section 35-174. Applicant's affidavit and certificate of disability - Generally. (a) Not later than the thirtieth day of April immediately preceding the taxable year in question, the person or persons claiming exemption shall file a real estate tax exemption affidavit with the Director of Social Services. Subject to the provisions of Section 35-179, a person or