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S. Chapter 30 (Taxation), Article IV (Real Estate Tax Relied is hereby amended as follows: <br />Sec. 30-98. Qualifications for exemption. <br />Exemption pursuant to this article shall be granted to certain persons who own and occupy <br />residential real property, where such persons and property comply with the following provisions: <br />(1).... <br />(6)The net combined financial worth of such claimant and of the spouse of such claimant, as of <br />December thirty-first of the year immediately preceding the taxable year for which the <br />exemption if claimed, must not exceed one hundred twenty-five thousand dollars ($125,000.00). <br />net combined financial worth shall include the value of all assets, including the present value of <br />all equitable interests, excluding the fair market value of the dwelling for which exemption is <br />claimed and of the land upon which it is situated, not exceeding one (1) ten 10 acres , upon <br />whieh it is sittiated-. <br />• 6. Chapter 30 (Taxation), Article IN (Transient Occupancy Tax) is hereby amended as follows: <br />Page 11 of 14 <br />