[OrangeBlossomBaby]

Originally Posted by Jerseybob

Interesting wording in the amendment. Because of the wording I offer these questions:
1. " ..... to grant an additional homestead tax exemption for non-school levies of up to $50,000 of the assessed value of homestead property ..."

2.Currently, a single person that qualifies with a $25,000 exemption would then receive an additional $50,000 for a total of $75,000?

3. A couple can earn $50,000 at this time, would that bring the number to $100,000 for them?

4. The language is noticeably absent further definition in a particularly key area. There is no language that addresses if the qualifying people would maintain the exemption under the proposed amendment. What occurs in the event of regular retirement, suspension of service for any reason including disabilities, family caretaking, or injury during the career? Do they lose the exemption?

5. Would retired veterans of those services (police, fire, military, etc.) also be provided with this tax exemption due to their completed service?

Note the bolded/underlined. It looks to me that they'd get an additional exemption, but the maximum additional wouldn't be higher than $50k. So - if they own a $500k house, maybe they /would/ get that $75k exemption. but if their house is only worth $50k, then no - they wouldn't be 100% exempt.