Homestead Exemption

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 2020 Homestead Application will be available January 1, 2020 and will be accepted through March 15, 2020.

The Homestead exemption applies to property:

  1. Which is the resident taxpayer's principle residence and legal domicile; and
  2. 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.
  3. 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

The Homestead exemption does not apply to:

  1. Vacant Land.
  2. Dwelling units that are leased or rented out.

FOR RENEWALS of the homestead exemption

(applicants who received the exemption last year):  Effective for the 2020 tax period, you will no longer need to submit a renewal application to maintain your exemption.  The exemption will remain in place until a request to remove the exemption, change in ownership/sale of property or a change in your residency status.

The Tax Assessor's office will be validating all Homestead Exemption for eligibility.  As per the Town ordinance, "if the taxpayer knowingly gives misinformation as to the ownership and/or occupancy of the real property subject to the homestead exemption, the Tax Assessor shall, in such event, remove the homestead exemption and recalculate the tax for the period(s) in question and, in addition, charge the taxpayer the maximum interest permitted by law"

Homestead Application 
Homestead Ordinance