S2259 — 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.

S2259 — 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 give every town in Rhode Island the power to establish a 'homestead' property tax exemption for residential homes. Under the proposed rules, towns could offer an exemption of up to…Open in Informed Citizenry