Rhode Island H8436 amends property tax exemptions for elderly and disabled residents in Glocester.

Rhode Island H8436 amends the statute governing property tax exemptions for elderly and disabled residents in Glocester. It authorizes the town council to issue tax credits for real property owned and occupied by persons over 65 or under 65 who are permanently disabled. The base exemption amount is up to $2,070, adjusted annually by the consumer price index. An additional exemption of up to $1,000 is available for those 80 years or older. A variable income exemption is also available for qualified owner-occupants, with amounts up to $1,500 for those 65-79 and $4,500 for those 80 and older.

Rhode Island H8436 amends property tax exemptions for elderly and disabled residents in Glocester.

Rhode Island H8436 amends the statute governing property tax exemptions for elderly and disabled residents in Glocester. It authorizes the town council to issue tax credits for real property owned and occupied by persons over 65 or under 65 who are permanently disabled. The base exemption amount is up to $2,070, adjusted annually by the consumer price index. An additional exemption of up to $1,000 is available for those 80 years or older. A variable income exemption is also available for qualified owner-occupants, with amounts up to $1,500 for those 65-79 and $4,500 for those 80 and older.