REAL ESTATE TAX SAVINGS IN RHODE ISLAND

Everyone complains about real estate taxes. With the increase in municipal assessments of property values, followed by a decline in property values and foreclosures, the number of people disputing these recently declared property values is most definitely on the rise. But do you really have to pay all of your real estate taxes? The answer is NO! Well, that is, if you live in one of the following communities and you occupy the property as your primary residence:

Rhode Island Communities Offering a Homestead Tax Exemption:

- Central Falls
- East Providence
- Lincoln
- North Providence
- Providence
- West Greenwich
- Woonsocket


For more information about the Homestead Tax Exemption (a discount of property taxes up to 50%), please contact your local Tax Assessor or Tax Collector office in the Town or City Hall.

Why do communities offer these tax exemptions? One of the major concerns that gave rise to the homestead exemption was that landlords (2 and 3 family homes) are more likely to listen to the concerns of their tenants if they occupied their property as a primary residence (and less likely to operate as a slumlord). Whether you're living up to your reputation as "landlord of the year" or not (the exemption applies to single family homes too!), the homestead tax exemption is a no-brainer!!

For more information on disputing the recent assessment of property values and taxes, here are some examples on the web:

Taxes and the Providence Place Mall

A SAMPLE Property Tax Dispute Form – Charlestown, RI


As a real estate attorney, I am always available for consultation if you need help with any issue involving property (whether residential or commercial).




Interested in Real Estate? Any questions? Give me a call at 401.921.5114, extension 17.

Richard M. Bianculli Jr., Esq.*
Martinelli, Caputi & Associates, Ltd.
171 Service Ave, Bldg 2, Suite 302A
Warwick, RI 02886
401.921.5114 (x 17)
401.921.5134 (fax)
E-mail me at rbianculli@mclawri.com
*Admitted in Rhode Island and Massachusetts

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