HOMESTEAD EXEMPTION

Homestead Tax Exemption

This exemption provides tax relief to domiciled residents who are the legal owners of residential property, provided the property is the principal residence (owner-occupied) of the applicant. The exemption applies to all residential properties with up to five dwelling units, as long as at least one unit is owner-occupied.

Eligibility Requirements

• The property must be owned and occupied by the applicant on or before December 31st of each year.
• The applicant must be a legal resident of the property.
• The exemption applies only to residential properties, up to a maximum of five dwelling units, with at least one unit owner-occupied.
• Applications must be submitted by March 15th of the year for which the exemption is to take effect.
• Vacant land, leased or rental properties, and mixed-use/commercial properties are not eligible for the exemption.
• Only one exemption is allowed per dwelling.
• Short-term leases or rentals are prohibited and will result in the removal of the Homestead exemption.

Exemption Details

The current exemption amount is 5% off the assessed value of the property.

Proof of Residency

Applicants must provide proof of residency by submitting three of the following documents with a completed application:

• RI Driver’s License
• RI Motor Vehicle Registration
• North Kingstown Voter Registration Card OR
• Current Utility Bill (gas, electric, propane, oil, or cable only; NO Sewer or Water bills will be accepted). The utility bill must show both the service and mailing address as the same. Do not remove the payment stub as it often contains the mailing address. OR
• A copy of your RI or Federal Tax Return to be filed for the tax roll you are applying for (e.g., 2022 taxes filed in 2023 for the 2023 tax roll).

The Homestead application is a one-time application and remains attached to the property until it is sold.