[QUOTE=mtdjed;1593052]My summary of what I have read from posts is that amendment 1 incrementally increases the homestead exemption up to $75,000 from $50,000. The increase starts at a home valued at $100,000 and stops at $125,000.
I think the way this works is a resident will get the full $25000 exemption for all houses over $125000. The $100K to $125K range is how it phases in. Example if your house is assessed at $112500 (halfway in the range) the exemption would be half of the $25000 or $12500. Not meant to be only houses within the range.
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