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to the Treasurer of the City, who shall deduct the amount of the exemption from the claimant's real estate tax liability and shall adjust the tax records accordingly. Any remaining tax due shall be billed in equal installments in accordance with Section 35-2. Section 35-177. Amount of partial exemption. The person or persons qualifying for and claiming exemption shall have exempted that percentage of the real estate tax levied on the qualifying dwelling set forth herein. Beginning with the tax year that commences on July 1, 1994 and for all tax years, hereafter, with respect to persons sixty-five years of age and older, and permanently and totally disabled persons, the amount of t~x exempted under this division on the subject dwelling for any year shall be a sum equal to the amount by which the tax for any tax year exceeds the amount of tax on the subject dwelling for the tax year during which the owner claiming an exemption under this division was assessed in the 1993-1994 tax year or for the tax year thereafter if that was when the owner claiming an exemption first qualified for such exemption. Exemption for additions or substantial improvements to the subject dwelling, the value of which is determined by the City Assessor, will be taxed at the rate currently in effect and added to the fixed annual amount together becoming the new annual fixed tax payable. Section 35-178. Transfer. (a) Notwithstanding the provisions of Section 35-173: (1) A taxpayer who is otherwise eligible for a tax exemption under' this division shall not be deprived of such exemption if compelled by eminent domain proceedings, the threat of such proceedings or act of God to abandon the residence to which the tax exemption appertains. The tax exemption applicable to the residence which the taxpayer is forced to abandon shall be transferable to any residence purchased within twelve (12) months after title to the first residence is conveyed or condemned. (2) A taxpayer who is otherwise eligible for a tax exemption under this division shall not lose such eligibility and may transfer the same if he changes residences within the City.