§ 44-3-24 - Reevaluation of real property – Adjustment of exemption upon. - Rhode Island Statutes

SECTION 44-3-24

   § 44-3-24  Reevaluation of real property– Adjustment of exemption upon. – The city and town councils of the various cities and towns may provide, byordinance, for the adjustment of the tax exemption for all persons entitled toit pursuant to this chapter in any year that the city or town has a realproperty reevaluation. The adjustment shall be made to reflect the samemonetary savings that appeared on the property tax bill that existed for theyear prior to reevaluation of the real property. If any provision of thissection is held invalid, the remainder of this section and the application ofits provisions shall not be affected by that invalidity.