Chapter
414
2005 -- H 6190
Enacted 07/19/05
A N A C T
RELATING TO HOMESTEAD EXEMPTION IN THE TOWN OF WEST GREENWICH
Introduced By: Representatives Sullivan, and Watson
Date Introduced: March 09,
2005
It is
enacted by the General Assembly as follows:
SECTION
1. Chapter 44-5 of the General Laws entitled “Levy and Assessment of Local
Taxes” is hereby
amended
by adding thereto the following section:
44-5-80. Homestead exemption in the Town of West
Greenwich. – Notwithstanding
any
other provisions of the general or special laws to the contrary, the town
council of the Town
of
West 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 West Greenwich and to grant homestead exemptions to the owner or
owners
of residential real estate in an amount not to exceed forty percent (40%) 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
ordinance
rules and regulations governing eligibility for the exemption established by
this
section.
SECTION 2. This act shall
take effect upon passage.
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LC02752
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