§ 44-5-62. Cranston — Homestead exemption.
(a) The city council of the city of Cranston is authorized to annually fix the amount,
if any, of a homestead exemption with respect to assessed value from local taxation
on taxable real property used for residential purposes or mixed purposes, defined
as a combination of residential and commercial uses, in the city of Cranston and to
grant homestead exemptions to the owner or owners of residential real estate or combination
residential and commercial real estate in an amount not to exceed thirty percent (30%)
of the assessed value. The exemption only applies to property used exclusively for
Free access — add to your briefcase to read the full text and ask questions with AI
§ 44-5-62. Cranston — Homestead exemption.
(a) The city council of the city of Cranston is authorized to annually fix the amount,
if any, of a homestead exemption with respect to assessed value from local taxation
on taxable real property used for residential purposes or mixed purposes, defined
as a combination of residential and commercial uses, in the city of Cranston and to
grant homestead exemptions to the owner or owners of residential real estate or combination
residential and commercial real estate in an amount not to exceed thirty percent (30%)
of the assessed value. The exemption only applies to property used exclusively for
residential purposes, and improved with a dwelling containing less than five (5) units
or real property used for a combination of residential and commercial uses. When real
property is used for mixed purposes, the percentage of the assessed value shall be
a pro rated amount. That pro rated amount is the percentage of square feet used for
residential purposes multiplied by thirty percent (30%). In order to determine compliance
with the homestead exemption as outlined in this subsection, the city council shall
provide, by resolution or ordinance, rules and regulations governing eligibility for
the exemption established by this section.
(b) The city council of the city of Cranston may provide for a proration of the homestead
exemption in cases where title to property passes from those not entitled to the exemption
to those who are entitled to claim the exemption.