§ 44-4.1-1. Declaration of purpose. The general assembly finds and declares that preservation of Rhode Island’s historic residences enhances an understanding of the state’s heritage, improves property values, fosters civic beauty, and promotes public education, pleasure, and welfare. The purpose of this chapter is to allow cities and towns to provide property tax relief to […]
§ 44-4.1-2. Definitions. As used in this chapter: (1) “Certified maintenance or rehabilitation” means any maintenance or rehabilitation of a historic residence consistent with the character of that property or district as determined in accordance with commission guidelines, or for the purposes of North Smithfield, “certified maintenance or rehabilitation” means any maintenance or rehabilitation of […]
§ 44-4.1-3. Property tax reduction. (a) Each city or town may, by ordinance, provide up to twenty percent (20%) reduction in property tax liability for a period of up to five (5) years to an owner of a historic residence who incurs substantial maintenance or rehabilitation costs; provided, however, that (b) Warren. The town council […]
§ 44-4.1-4. Completion — Certification. Upon completion of maintenance or rehabilitation for which the owner of a historic residence, or historic commercial structure, seeks property tax reduction, the owner shall apply to the local tax assessor for relief under this chapter. Upon receiving the application, the city or town tax assessor shall notify the commission. […]
§ 44-4.1-5. Restrictive covenant required. No historic residence, or historic commercial structure, maintained or rehabilitated may benefit from the provisions of this chapter unless the owner of the historic residence, or historic commercial structure, grants a restrictive covenant to the commission, agreeing that the historic residence, or historic commercial structure, shall retain its use and […]
§ 44-4.1-6. Forfeiture. In the event of the failure of the owner to keep the property nondepreciable or to maintain the property according to the commission’s guidelines during the period of the tax reduction, the owner forfeits the property tax reduction retroactive to the date the reduction commenced. All differences in the amount of taxes […]
§ 44-4.1-7. Administration of program. The tax assessor shall promulgate all application and certification forms. The commission shall establish guidelines for the maintenance and rehabilitation of historic residences. History of Section.P.L. 1988, ch. 549, § 1.
§ 44-4.1-8. Appeal. Appeal of decisions of the tax assessor under the provisions of this chapter is to the city or town council for a full hearing de novo; provided, that in cities or towns where there is established a tax appeal board, appeal may, at the discretion of the city or town council, be […]
