Rhode IslandH80252026 Regular SessionHouseWALLET

AN ACT RELATING TO TAXATION -- PROPERTY SUBJECT TO TAXATION .

Sponsored By: John G. Edwards (Democratic)

Became Law

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Bill Overview

Analyzed Economic Effects

2 provisions identified: 2 benefits, 0 costs, 0 mixed.

Senior property tax breaks by town

The law lets many Rhode Island towns give property tax exemptions to residents age 65 and older. Caps include up to $7,500 in Central Falls; up to $9,000 for Cranston homes; and up to $3,000 for Cranston excise‑taxed property if you do not own real estate. North Providence allows up to $10,000; Warwick allows up to $12,000 for owner‑occupied homes or personal property. East Greenwich uses age bands: $26,000 (65–70), $34,000 (70–75), $42,000 (75–80), $50,000 (80–85), $58,000 (85+). Lincoln allows up to $24,440 after five years of owning and living in the home; Warren allows up to $30,656. Bristol can set the amount by ordinance for ages 65, 70, and 75+; Westerly sets the amount and may add income limits, and you must have owned and lived in the home for five years. Most towns apply these breaks uniformly and add them on top of other exemptions. Only one exemption is allowed per group of co‑owners, and life tenants who pay the tax qualify. Your savings depend on your town’s tax rate.

Senior tax credits in three towns

Three towns now give tax credits that cut senior homeowners’ bills. Johnston provides a credit of $800 in fiscal year 2025, $900 in 2026, and $1,000 in 2027 and later. Tiverton converts its senior exemption into a credit against your annual bill; you apply to the tax assessor to set the amount. Charlestown may set a credit amount by ordinance and may add income limits. Only one credit is allowed per group of co‑owners, and life tenants who pay the tax qualify. These credits are on top of other exemptions, but in Johnston your total relief cannot exceed your tax bill.

Sponsors & Cosponsors

Sponsor

John G. Edwards
Democratic • House

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 67 • No: 0

House vote • 6/8/2026

PROPERTY SUBJECT TO TAXATION PASSAGE