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South Kingstown officials urge homestead-exemption authority to protect year-round homeowners
Summary
Town officials and the bill sponsor asked the House committee for authority to grant a homestead tax exemption of up to 10% to year-round South Kingstown homeowners, citing pressure from short-term rentals and rising property values; witnesses described litigation that has complicated local short-term rental registries.
Providence — Officials from South Kingstown and their state representative told the House Committee on Municipal Government and Housing on Feb. 4 that House Bill 5030 would allow the town to adopt a homestead tax exemption for year-round residents and provide relief for homeowners facing rising property values driven in part by short-term rentals.
Representative McEntee, the bill sponsor, said the exemption — proposed up to 10% in the town’s request — would give the town a tool to ease tax burdens on year-round residents who face rising assessments and increasing numbers of nonresident owners. “We ask that you pass this legislation so these councilmen next to…
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