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Committee reviews Little Compton homestead exemption that would start at 10% and allow automatic qualification for registered voters
Summary
Rep. McGaugh presented H 7047 to let Little Compton establish a homestead exemption starting at 10% in year one, with a 5–15% range thereafter based on town finances; the bill would automatically grant the exemption to owner‑occupants who are registered voters while non‑registered residents could apply.
Representative McGaugh introduced H 7047, a local bill carried at the request of Little Compton's town council to create a homestead exemption for owner‑occupied residential dwellings. The sponsor said the plan would start at a 10% exemption in the first year, with subsequent percentages (5%–15%) determined by town finances and actions…
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