[Adopted 6-22-1993 by Ord. No. 595 as
Secs. 21-41 to 21-47 of the 1993 Code; amended 10-10-1996 by Ord. No. 634; 11-4-2002 by Ord. No. 728; 8-18-2003 by Ord. No. 736; 8-28-2006 by Ord. No.
772; 8-24-2009 by Ord. No. 803; 9-27-2010 by Ord. No. 808; 9-12-2011 by Ord. No. 816; 5-29-2012 by Ord. No. 821; 4-22-2013 by Ord. No. 827]
[Amended 4-27-2015 by Ord. No. 841]
Every person, a citizen and resident of the
Town, of the age of 65 or more years and residing in the Town in a
dwelling house owned by him or her which is a constituent part of
his or her real property is hereby granted, on proper claim being
made therefor, a tax credit on the following basis:
A.
For taxpayers of the age of 65 through 69 years, a
tax credit from taxation on such real property in the amount of $568
applied to the tax;
B.
For taxpayers of the age of 70 through 74 years, a
tax credit from taxation on such real property in the amount of $851
applied to the tax;
C.
For taxpayers of the age of 75 through 79 years, a
tax credit from taxation on such real property in the amount of $1,136
applied to the tax;
D.
For taxpayers of the age of 80 through 84 years, a
tax credit from taxation on such real property in the amount of $1,703
applied to the tax;
E.
For taxpayers
of the age of 85 years or over, a tax credit from taxation on such
real property in the amount of $1,712 applied to the tax.
In addition to the requirement of domicile within
the Town, at the time of making application the applicant for a tax
credit on account of age must have been a resident of the Town for
a period of at least five years ending with the date of assessment
for the year for which the tax credit is claimed. It is not necessary
that the five years be consecutive, and further, the applicant for
this tax credit must have owned and had title to one or more dwelling
houses in which he or she resided for the same five-year period.
The tax credit provided by § 227-5 shall be in addition to any other tax credit to which the person may be entitled.
The tax credit provided by § 227-5 shall be applied uniformly and without regard to ability to pay.
Only one tax credit on account of age shall
be granted to cotenants, joint tenants and tenants by the entirety
even though all of the cotenants, joint tenants or tenants by the
entirety are 65 years of age or over, or all occupy the property.
The amount of the tax credit shall be determined by the age of the
eldest of the cotenants, joint tenants or tenants by the entirety.
A tax credit for age shall not be allowed in
favor of any person unless he shall have presented to the Assessor
a true and exact account of his ratable estate, as provided for in
R.I.G.L. §§ 44-5-15 and 44-5-16, for the year for which
tax credit is claimed, together with due evidence that he is so entitled
to such tax credit.
All age tax credits shall terminate immediately
upon the conveyance of the subject property, death of the person eligible
for the tax credit, or the moving of such person from the Town.
