§ 146-22. Amount of exemption.

A. 

Qualified taxpayers who apply and meet the requirements of this article shall be exempt from tax on their qualifying property; however, in no case shall the tax amount exempted exceed $1,000. For the purpose of this article, "qualifying property" shall mean a dwelling and up to one acre of land on which it is situated. The amount of exemption of real estate tax shall be determined by the following schedule:

Amount of Income	Percentage of Exemption
$0.01 to $20,000	100%
$20,001 to $22,000	80%
$22,001 to $24,000	70%
$24,001 to $26,000	60%
$26,001 to $28,000	50%
$28,001 to $30,000	40%
$30,001 to $33,000	30%
$33,001 and over	0%

B. 

The amount of the exemption for a property jointly held by and which is the sole dwelling of unmarried individuals, at least one of which is a qualified taxpayer, shall be prorated in accordance with Virginia Code § 58.1-321 1.1.