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. Sec. 35-163. Amount of 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 in the following schedule: Total Income All Sources $0.00 -- 15,001-- 15,501-- 16,601-- 16,501-- 17,001-- 17,501-- 18,001-- 18,501-- 19,001-- Over $20,000 . Tax Exemption (Percent) 15,000 15,500 16,000 16,500 17,000 17,500 18,000 18,500 19,000 20,000 100 90 80 70 60 50 40 30 20 10 o DIVISION 2.1. TAX FREEZE FOR ELDERLY AND DISABLED PERSONS; EXEMPTION FROM REAL ESTATE TAXES Sec. 35-173. General prerequisites to grant. An exemption shall be granted to persons eligible for tax freeze, subject to the following conditions: (1) The person making application must own or partially own title to the property for which exemption is claimed. (2) The person making application must be permanently and totally disabled or must be 65 years old or older as of June 30th 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. (3) The person making application shall not have disposed of assets to future heirs within the preceding five years if such assets would have made the applicant ineligible under the requirements of this section. (4) The total combined income from all sources for the immediately preceding calendar year ofthe owner or owners claiming tax exemption and of the owner's/owners' relatives or other household member living in the subject dwelling shall not exceed . $42,500.