On February 27, 2017 the Narragansett Town Council adopted a Homestead Exemption. The exemption shall be set annually by the Town Council in an amount not to exceed 10% of the assessed value of the property.
The Homestead exemption applies to property:
Which is the resident taxpayer's principle residence and legal domicile; and
Legally titled to the resident taxpayer, a trust to which the resident taxpayer is the named beneficiary, or to a corporation entity owned and controlled by the resident taxpayer.
Used exclusively for residential purposes and improved with a dwelling containing less than 5 units, or used for a combination of residential and commercial uses