Local Assessment Freezes

State

Rhode Island

Year

2007

Variations in Receipt of Benefit

No Variation in Receipt of Benefits

Benefit Type

Assessment Freeze

Benefit

The state has authorized assessment freezes for 8 towns. Eligibility requirements vary by town.

How is Benefit Disbursed

Exemption from assessed value

Eligible Property Type

Residential

Characteristics of Eligible Property

Only residential property is eligible for this program.

Eligibility Criteria

Age

Disability

Income Ceiling

Surviving Spouse

Description of Eligibility Criteria

Freezes are available to those 65 and older in 5 towns. Additional eligibility requirements include disability, income as determined by local governments, tax liability as a percent of income, and an increase in the percent of property taxes over the prior year's property taxes.

Local Option in Adoption of Program

Local government must take action to opt in

Local Option Regarding Program Features

Local option regarding program features

State Funding for Local Tax Loss

Local government covers all of its tax loss

Description of State Funding for Tax Loss

The state statute is silent on this.

Record ID

RI103_RR07

Footnotes

Towns in this program include Hopkinton, West Warwick, Exeter, Coventry, Bristol, Tiverton, North Smithfield, and Providence.

Sources

R.I. Gen. Laws § 44-3-15.1 (in effect for 2007); R.I. Gen. Laws § 44-3-16 (in effect for 2007); R.I. Gen. Laws § 44-3-16.2 (in effect for 2007); R.I. Gen. Laws § 44-3-31.1 (in effect for 2007)

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