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| 4 | 4 | | |
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| 5 | 5 | | 2025 -- H 6247 |
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| 6 | 6 | | ======== |
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| 7 | 7 | | LC002781 |
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| 8 | 8 | | ======== |
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| 9 | 9 | | S T A T E O F R H O D E I S L A N D |
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| 10 | 10 | | IN GENERAL ASSEMBLY |
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| 11 | 11 | | JANUARY SESSION, A.D. 2025 |
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| 12 | 12 | | ____________ |
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| 13 | 13 | | |
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| 14 | 14 | | A N A C T |
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| 15 | 15 | | RELATING TO TAXATION -- LEVY AND ASSESSMENT OF LOCAL TAXES |
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| 16 | 16 | | Introduced By: Representative Tina L. Spears |
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| 17 | 17 | | Date Introduced: April 23, 2025 |
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| 18 | 18 | | Referred To: House Municipal Government & Housing |
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| 19 | 19 | | |
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| 20 | 20 | | |
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| 21 | 21 | | It is enacted by the General Assembly as follows: |
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| 22 | 22 | | SECTION 1. Chapter 44-5 of the General Laws entitled "Levy and Assessment of Local 1 |
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| 23 | 23 | | Taxes" is hereby amended by adding thereto the following section: 2 |
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| 24 | 24 | | 44-5-89. Charlestown homestead exemption. 3 |
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| 25 | 25 | | (a) The town council of the town of Charlestown is authorized to annually fix the amount, 4 |
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| 26 | 26 | | if any, of a homestead exemption, with respect to assessed value, from local taxation on taxable 5 |
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| 27 | 27 | | real property used for residential purposes or mixed purposes, defined as a combination of 6 |
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| 28 | 28 | | residential and commercial uses, in the town of Charlestown, and to grant homestead exemptions 7 |
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| 29 | 29 | | to the owner, or owners, of residential real estate, or combination residential and commercial real 8 |
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| 30 | 30 | | estate, in an amount not to exceed ten percent (10%) of the assessed value. The exemption shall 9 |
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| 31 | 31 | | apply to property used exclusively for residential purposes, and improved with a dwelling 10 |
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| 32 | 32 | | containing less than five (5) units, or real property used for a combination of residential and 11 |
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| 33 | 33 | | commercial uses. When real property is used for mixed purposes, the percentage of the assessed 12 |
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| 34 | 34 | | value shall be a prorated amount. The prorated amount shall be the percentage of square feet of the 13 |
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| 35 | 35 | | parcel used for residential purposes, multiplied by the percentage of the homestead exemption. In 14 |
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| 36 | 36 | | order to determine compliance with the homestead exemption as outlined in this section, the town 15 |
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| 37 | 37 | | council shall provide, by resolution or ordinance, rules and regulations governing eligibility for the 16 |
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| 38 | 38 | | exemption established by this section. 17 |
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| 39 | 39 | | (b) In the event property granted an exemption under this section is sold or transferred 18 |
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| 40 | 40 | | during the year for which the exemption is claimed, the town council of the town of Charlestown, 19 |
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| 41 | 41 | | |
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| 42 | 42 | | |
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| 43 | 43 | | LC002781 - Page 2 of 3 |
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| 44 | 44 | | upon approval of the town council, may provide for a proration of the homestead exemption in 1 |
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| 45 | 45 | | cases where title to property passes from those not entitled to claim an exemption to those who are 2 |
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| 46 | 46 | | entitled to claim an exemption. 3 |
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| 47 | 47 | | SECTION 2. This act shall take effect on December 31, 2025. 4 |
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| 48 | 48 | | ======== |
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| 49 | 49 | | LC002781 |
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| 50 | 50 | | ======== |
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| 51 | 51 | | |
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| 52 | 52 | | |
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| 53 | 53 | | LC002781 - Page 3 of 3 |
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| 54 | 54 | | EXPLANATION |
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| 55 | 55 | | BY THE LEGISLATIVE COUNCIL |
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| 56 | 56 | | OF |
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| 57 | 57 | | A N A C T |
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| 58 | 58 | | RELATING TO TAXATION -- LEVY AND ASSESSMENT OF LOCAL TAXES |
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| 59 | 59 | | *** |
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| 60 | 60 | | This act would grant the town council of the town of Charlestown the authority to enact a 1 |
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| 61 | 61 | | homestead exemption ordinance. 2 |
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| 62 | 62 | | This act would take effect on December 31, 2025. 3 |
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| 63 | 63 | | ======== |
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| 64 | 64 | | LC002781 |
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| 65 | 65 | | ======== |
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