H7299 — Permits every municipality in the state to offer a homestead tax exemption of up to 20% of assessed value on residential properties, and also provides that municipalities that grant greater exemptions not be limited by this section.

H7299 — Permits every municipality in the state to offer a homestead tax exemption of up to 20% of assessed value on residential properties, and also provides that municipalities that grant greater exemptions not be limited by this section. · Informed CitizenryThis bill would allow every city and town in Rhode Island to give out a homestead tax exemption, which could reduce the local property taxes paid on a primary residence by up to 20% of its assessed…Open in Informed Citizenry