Rhode Island § 44-5-60 § 44-5-60. North Providence — Homestead exemptions.

Rhode Island Statutes

§ 44-5-60 — § 44-5-60. North Providence — Homestead exemptions.

Rhode Island § 44-5-60

Title 44Taxation

Ch. 44-5Levy and Assessment of Local Taxes

This text of Rhode Island § 44-5-60 (§ 44-5-60. North Providence — Homestead exemptions.) is published on Counsel Stack Legal Research, covering Rhode Island primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

R.I. Gen. Laws § 44-5-60 (2026).

Text

§ 44-5-60. North Providence — Homestead exemptions.
(a) The mayor, upon approval of the town council of the town of North Providence, is authorized
            to annually fix the amount, if any, of homestead exemption with respect to assessed
            value from local taxation on taxable real property used for residential purposes in
            the town of North Providence and to grant homestead exemptions to the owner or owners
            of residential real estate in an amount not to exceed twenty percent (20%) of the
            assessed value. The exemption only applies to class 3 residential property as defined
            in § 44-5-57 improved with a dwelling house whose owner is a resident of North P

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§ 44-5-60. North Providence — Homestead exemptions.

(a) The mayor, upon approval of the town council of the town of North Providence, is authorized to annually fix the amount, if any, of homestead exemption with respect to assessed value from local taxation on taxable real property used for residential purposes in the town of North Providence and to grant homestead exemptions to the owner or owners of residential real estate in an amount not to exceed twenty percent (20%) of the assessed value. The exemption only applies to class 3 residential property as defined in § 44-5-57 improved with a dwelling house whose owner is a resident of North Providence and who occupies the property as his or her principal residence. The dwelling house shall consist of no more than five (5) dwelling units. In order to determine compliance with the homestead exemption as outlined in this subsection, the town council shall provide, by resolution or ordinance, rules and regulations governing eligibility for the exemption established by this section.

(b) In the event property granted an exemption under this section is sold or transferred during the year for which the exemption is claimed, the town council of North Providence may provide for a proration of the homestead exemption in cases where title to property passes from those not entitled to claim an exemption to those who are entitled to claim an exemption; provided, that there is a homestead exemption for owner-occupied residential and commercial mixed-use (class 5) real estate in an amount not to exceed ten percent (10%) of the assessed value.