| Chapter 211 |
| 2025 -- S 1007 Enacted 06/26/2025 |
| A N A C T |
| RELATING TO TAXATION -- LEVY AND ASSESSMENT OF LOCAL TAXES |
Introduced By: Senators Gu, and E Morgan |
| Date Introduced: May 02, 2025 |
| 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: |
| 44-5-89. Charlestown homestead exemption. |
| (a) The town council of the town of Charlestown 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 Charlestown, 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 Charlestown, |
| 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. |
| SECTION 2. This act shall take effect on December 31, 2025. |
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| LC002838 |
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