§ 44-5-65. East Greenwich — Homestead exemption.
(a) The town council of the town of East Greenwich 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 in the town of East Greenwich
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 property used exclusively for residential purposes, and improved with
a dwelling containing less than five (5) units. In order to determine compliance wit
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§ 44-5-65. East Greenwich — Homestead exemption.
(a) The town council of the town of East Greenwich 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 in the town of East Greenwich
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 property used exclusively for residential purposes, and improved with
a dwelling containing less than five (5) units. In order to determine compliance with
the homestead exemption as outlined in this section, 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 the town of
East Greenwich, upon approval of the town council, 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.