State Codes and Statutes
Statutes > Rhode-island > Title-44 > Chapter-44-3 > 44-3-13-10SECTION 44-3-13.10
§ 44-3-13.10 North Kingstown –Exemption of certain real estate. [Contingent effective date; seenotes.]. – The town council of North Kingstown is authorized, by ordinance, to grantexemptions with respect to the assessed value of certain single-familyresidential real property situated in the town which is occupied by the owneror owners of it and which, as a consequence of a revaluation or update inaccordance with § 44-5-11.6, the assessed value of the land component(exclusive of any buildings or other improvements) of the property hasincreased by more than fifty percent (50%) of the assessed value of the landcomponent of the property as of December 31 of the year immediately precedingthe effective date of the revaluation or update ( hereafter referred to as the"increase"). The ordinance may provide that no exemption may be granted unlessthe subject property was on the tax roll as single-family residential realproperty for the year immediately preceding the effective date of therevaluation or update. The exemption may be a percentage up to one hundredpercent (100%) of the amount by which the increase exceeds one hundred fiftypercent (150%) or more of the assessed value of the land component of theproperty as of December 31 of the year immediately preceding the effective dateof the revaluation or update ( hereafter referred to as the "exemption amount")and only one exemption shall be allowed to co-tenants, joint tenants, andtenants by the entirety even though all or more than one of them are occupyingthe property. In addition to a requirement of domicile within the town of NorthKingstown at the time of making application for the exemption, the ordinancemay also require that an applicant for the exemption or a member of his or herimmediate family, i.e. parent, spouse, child or sibling, must have owned andoccupied the particular residential property for a period of up to but not inexcess of five (5) years prior to the effective date of the revaluation orupdate and for the year for which the exemption is claimed. The ordinance mayalso provide that the exemption shall not be granted to any applicant whoseannual household income exceeds an amount up to but not in excess ofseventy-five thousand dollars ($75,000) in the year for which the exemption isclaimed. For the purposes of this section, the "household income of a taxpayer"shall be deemed to include the income of his or her spouse and all otherindividuals residing in the taxpayer's dwelling for more than fifty percent(50%) of the calendar year. The ordinance may require that the exemption shallnot be allowed in favor of any person unless he or she shall have presented tothe assessor a true and exact account of his or her ratable estate as providedfor in §§ 45-5-15 and 45-5-16 for the year for which the exemption isclaimed, together with due evidence that he or she is entitled to theexemption. The ordinance may also provide for a graduated schedule ofdecreasing annual exemptions following the effective date of the revaluation orupdate and/or a graduated schedule of increasing exemptions which may be basedon ownership and occupancy of the subject property by the applicant or a memberof his or her immediate family, up to but not in excess of five (5) years. Theexemption provided in accordance with the provisions of this section shall bein addition to any other exemption to which a person may be entitled under anyother law or ordinance.
