Rhode IslandH50302025 Regular SessionHouseWALLET

AN ACT RELATING TO TAXATION -- LEVY AND ASSESSMENT OF LOCAL TAXES .

Sponsored By: Carol Hagan McEntee (Democratic)

Became Law

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 1 benefits, 0 costs, 0 mixed.

South Kingstown can lower homeowners’ property taxes

Beginning December 31, 2025, South Kingstown’s Town Council can set a yearly property-tax exemption up to 10% of assessed value. The council can set it at zero and must adopt local eligibility rules. Eligible properties include residential-only buildings with fewer than five dwelling units, plus properties used for both housing and business. For mixed-use properties, the exemption rate equals the council’s chosen rate times the residential share of the parcel’s square footage. The council may also approve a partial-year exemption when ownership passes from an ineligible owner to an eligible owner. This law authorizes a local tax break; it does not automatically grant one or create a statewide program.

Sponsors & Cosponsors

Sponsor

Carol Hagan McEntee
Democratic • House

Cosponsors

Kathleen A. Fogarty
Democratic • House
Tina L. Spears
Democratic • House
Teresa A. Tanzi
Democratic • House

Roll Call Votes

All Roll Calls

Yes: 72 • No: 0

House vote • 3/11/2025

LEVY & ASSESSMENT OF LOCAL TAXES PASSAGE