§ 44-5-70. East Providence — Homestead exemption.
(a) The city council of the city of East Providence 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 city of East
Providence and to grant homestead exemptions to the owner or owners of residential
real estate in an amount not to exceed fifteen percent (15%) of the assessed value.
The exemption only applies to property used exclusively for residential purposes,
and improved with a dwelling containing less than four (4) units. In order to determine
Free access — add to your briefcase to read the full text and ask questions with AI
§ 44-5-70. East Providence — Homestead exemption.
(a) The city council of the city of East Providence 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 city of East
Providence and to grant homestead exemptions to the owner or owners of residential
real estate in an amount not to exceed fifteen percent (15%) of the assessed value.
The exemption only applies to property used exclusively for residential purposes,
and improved with a dwelling containing less than four (4) units. In order to determine
compliance with the homestead exemption as outlined in this section, the city 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 city of
East Providence, 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.