Prohibits cities or towns that implement a rent control ordinance from raising property taxes and such prohibition would last for as long as the rent control ordinance is in effect.
HB 8024 exempts Project Hand Up's property in West Warwick from local property taxes. This includes land, buildings, and physical assets owned by the nonprofit organization. The bill directly removes Project Hand Up's property tax obligations in West Warwick. It was introduced in February 2026 and is pending committee review.
Increases the income range up to fifty thousand dollars ($50,000) and tax credit up to eight hundred fifty dollars ($850), for elderly and disabled persons who own or rent their homes.
Changes the assessment for residential property where forty percent (40%) of the dwellings are below eighty percent (80%) of statewide median income and thirty percent (30%) are below sixty percent (60%).
Allows a municipality to set its own conveyance tax rate for residential properties sold in excess of $900,000.00 at $10 per $500. Provides collected taxes to be in a restricted account and distributed within 2 years for affordable housing.
HB 8006 establishes a special 8% property tax rate for qualifying affordable housing in Rhode Island, instead of standard local tax rates. To qualify, properties must have legal agreements restricting rents to 30% of tenant income for households at or below 80% of area median income (for 40% of units) or 60% AMI (for 30% of units). Conversions of existing non-residential buildings to housing qualify until 2037, with tax rates gradually increasing from 8% to 12% over 30 years. This directly affects property owners of qualifying affordable housing and local governments setting tax policies.
Allows a municipality to set its own conveyance tax rate for residential properties sold in excess of $900,000.00 at $10 per $500. Provides collected taxes to be in a restricted account and distributed within 2 years for affordable housing.
Prohibits cities or towns that implement a rent control ordinance from raising property taxes and such prohibition would last for as long as the rent control ordinance is in effect.
This bill establishes a property tax deferral program for Rhode Island senior citizens (62+), disabled residents (as determined by the Social Security Administration), and disabled veterans (as determined by the Veterans Administration). Eligible homeowners can delay paying property taxes on their primary residence (including manufactured homes) until the property is sold, transferred, or upon the death of all owners, with 6% annual interest added to the deferred amount. The program excludes properties with reverse mortgages or less than 20% equity, and the state will fund it with $2 million annually starting in fiscal year 2027. Local tax collectors must report deferral claims by January 31 each year, and deferred taxes become a lien on the property.
SB 2422 allows the town of Jamestown to expand tax exemptions for seniors aged 65+ who own and occupy their primary residence. It establishes income-based exemption tiers (10% to 60% off property taxes) based on household income relative to federal poverty guidelines, with stricter rules for higher-income seniors. To qualify, applicants must be Jamestown residents for five years, own only residential property (not income-producing), and provide proof of income. The bill does not change existing statewide tax rules but gives Jamestown local authority to adjust its senior exemption program through town ordinances.
