Rhode Island § 44-5-85 § 44-5-85. Narragansett homestead exemption.

Rhode Island Statutes

§ 44-5-85 — § 44-5-85. Narragansett homestead exemption.

Rhode Island § 44-5-85

Title 44Taxation

Ch. 44-5Levy and Assessment of Local Taxes

This text of Rhode Island § 44-5-85 (§ 44-5-85. Narragansett homestead exemption.) 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 § 44-5-85 (2026).

Text

§ 44-5-85. Narragansett homestead exemption.
(a) The town council of the town of Narragansett 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 town of Narragansett,
            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
            ten percent (10%) of the assessed value. The exemption shall apply to property used
           

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§ 44-5-85. Narragansett homestead exemption.

(a) The town council of the town of Narragansett 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 town of Narragansett, 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 ten percent (10%) of the assessed value. The exemption shall apply 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 prorated amount. The prorated amount shall be the percentage of square feet of the parcel used for residential purposes, multiplied by the percentage of the homestead exemption. 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 Narragansett, 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.