Rhode IslandH56982025 Regular SessionHouseWALLET

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

Sponsored By: Kathleen A. Fogarty (Democratic)

Signed by Governor

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Bill Overview

Analyzed Economic Effects

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

Affordable homes assessed at latest sale price

Rhode Island assessors must value qualifying owner-occupied affordable homes at their most recent sale price for property taxes. Homes must be classified as low- and moderate-income housing under state law. Owners’ tax bills may rise or fall depending on how that price compares with the value otherwise used.

Sponsors & Cosponsors

Sponsor

Kathleen A. Fogarty
Democratic • House

Cosponsors

Karen Alzate
Democratic • House
David A. Bennett
Democratic • House
Justine A. Caldwell
Democratic • House
Lauren H. Carson
Democratic • House
Terri Cortvriend
Democratic • House
Grace Diaz
Democratic • House
Raymond A. Hull
Democratic • House
Katherine S. Kazarian
Democratic • House
June Speakman
Democratic • House

Roll Call Votes

All Roll Calls

Yes: 66 • No: 5

House vote • 6/16/2025

LEVY AND ASSESSMENT OF LOCAL TAX PASSAGE