HB 8157 changes how the state calculates its contribution to the poverty loss stabilization fund, which supports school districts serving high-poverty communities. It amends the state's share statute to adjust the formula used for determining funding levels. This directly affects school districts in low-income areas that rely on this fund to offset revenue shortfalls. The key provision modifies the calculation method, potentially altering the amount of state aid these districts receive. The bill is currently in the early stages of the legislative process.
Provides an exemption for non-insulated, non-winterized property used by the taxpayer, not located in a substandard area, and continuously owned by the taxpayer for twenty-five (25) years.
This bill establishes a property tax deferral program for Rhode Island senior citizens (62+), disabled residents (as determined by the Social Security Administration), and disabled veterans (as determined by the Veterans Administration). Eligible homeowners can delay paying property taxes on their primary residence (including manufactured homes) until the property is sold, transferred, or upon the death of all owners, with 6% annual interest added to the deferred amount. The program excludes properties with reverse mortgages or less than 20% equity, and the state will fund it with $2 million annually starting in fiscal year 2027. Local tax collectors must report deferral claims by January 31 each year, and deferred taxes become a lien on the property.
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.
SB 2422 allows the town of Jamestown to expand tax exemptions for seniors aged 65+ who own and occupy their primary residence. It establishes income-based exemption tiers (10% to 60% off property taxes) based on household income relative to federal poverty guidelines, with stricter rules for higher-income seniors. To qualify, applicants must be Jamestown residents for five years, own only residential property (not income-producing), and provide proof of income. The bill does not change existing statewide tax rules but gives Jamestown local authority to adjust its senior exemption program through town ordinances.
Increases the income range up to fifty thousand dollars ($50,000) and tax credit up to eight hundred fifty dollars ($850), for elderly and disabled persons who own or rent their homes.
SB 2041 authorizes the town council of Little Compton to establish a homestead exemption that reduces property taxes for residential homeowners. The exemption starts at 10% of the town's average property value in the first year and can be adjusted annually between 5% and 15% by town meeting vote. Registered voters who live in and own their homes automatically qualify, while non-voter residents must apply with ID and utility proof. Rental properties with fixed-year leases may also qualify under specific conditions. This bill directly affects Little Compton homeowners and renters meeting residency requirements.
Authorizes a municipality to adopt by local ordinance, a veterans' property tax exemption to any veteran, who was honorably discharged, or discharged under conditions other than dishonorable, regardless of dates or periods of service.
HB 7046 exempts Blithewold, Inc.'s real and tangible personal property located at 101 Ferry Road in Bristol, Rhode Island, from local property taxation. The bill amends Rhode Island's property tax law (Section 44-3-3) to add this specific exemption to the existing list of tax-exempt properties. This change directly affects Blithewold, Inc., a nonprofit organization operating at that address, by removing its property tax obligation. The exemption applies to all real and personal property owned by the organization, as specified in the bill's official abstract.
Mandates additional state education funding for the mental and behavioral health of students equal to 2% of the district’s total expenditures, and require those funds be used to hire staff such as school social workers, and behavioral specialists.
