§ 44-3-20.2 - Bristol – Deferment of partial payment of tax for low-income residents. - Rhode Island Statutes

SECTION 44-3-20.2

   § 44-3-20.2  Bristol – Deferment ofpartial payment of tax for low-income residents. – The town council of the town of Bristol may, by ordinance, provide that thepayment of property taxes on a single-family dwelling, owned and occupied by alow-income resident, may be partially deferred until the property is disposedby reason of death of all the qualified owners, or by reason of transfer orconveyance. Any taxes so deferred constitute a lien against the real estate.The deferral shall not exceed twenty-five thousand dollars ($25,000) ofvaluation, and the exemption is in addition to any and all other exemptionswhich the person may be entitled to by this chapter or any other provisions ofthe general laws. The town council of the town of Bristol shall establish therequirements and application and/or verification procedures for taxpayers toavail themselves of the benefit of the deferment provided for in this section.