(A) The total combined income during the immediately preceding calendar year from all sources of the owner of the dwelling living therein, and of any person or persons living therein shall not exceed $5,000.
(B) The net combined financial worth, including equitable interest, as of December 31 of the immediately preceding calendar year of the person, excluding the value of the dwelling and the land not exceeding one acre on which the dwelling is located shall not exceed $10,000.
(1996 Code, § 148-25)