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• (5) The net combined financial worth of such applicant and relatives of such applicant living in such dwelling as of December thirty-first of the grant year does not exceed fifty theusa elel ars ($59,999) seventy five thousand dollars ($75,000). Net combined financial worth shall include all assets, including equitable interests. Section 25-61. Calculation of amount of grant. (a) For qualifying applicants, the amount of the grant shall be twenty-five percent (25°1) of the amount determined by subtracting twenty-four percent (240) of gross combined income, as defined by Section 25-58(4), from the lesser of: (1) The actual amount of rent paid; or Five thousand two hundred eighty dollars ($5,280.00) ARTICLE IV. REAL ESTATE TAX RELIEF FOR THE ELDERLY AND DISABLED PERSONS. Section 30-96. Definitions. • The following words, terms and phrases, when used in this article, shall have the meanings ascribed to them by this section, except where the context clearly indicates a different meaning: Affidavit means the real estate tax exemption or deferral affidavit. Deferral means the percentage deferral of payment of the property tax imposed by the city allowable under the provisions of this article. Dwelling means the sole residence of the person claiming exemption or deferral; provided, however, that the fact that a person who is otherwise qualified for tax exemption or deferral by the provisions of this article is residing in a hospital, nursing home, convalescent home or other facility for physical or mental care for an extended period of time shall not be construed to mean that the real estate for which exemption or deferral is claimed ceases to be the sole dwelling of such person during such period of other residence, so long as the real estate in question is not used by, or leased to, others for consideration. Exemption means the percentage exemption from the property tax imposed by the city allowable under the provisions of this article. Permanently and totally disabled, as applied to a person claiming an exemption or deferral under this article, means a person furnishing the certification or medical affidavits required by section 30-99, and who is found by the commissioner of the revenue to be unable to engage in any substantial gainful activity • by reason of any medically determinable physical or mental impairment or deformity which can be expected to result in death or can be expected to last for the duration of the person's life. Page 2