[Ord. 7/11/74; Ord. 1/9/75; Ord. 6/18/15]
Real properties held in fee by conservation organizations in
Little Compton which are recognized by the Internal Revenue Service
as tax exempt per IRS Code 501(c)(3), shall be exempt from taxation.
Currently, the eligible organizations are the Sakonnet Preservation
Association, the Little Compton Agricultural Conservancy Trust, the
Audubon Society of RI and the Nature Conservancy. Within 60 days of
acquisition, written notification that includes plat and lot number(s)
of conserved parcels shall be sent to the Town Council by the conserving
organization. Included in that notification shall be a statement certifying
that all taxes owed on the property for the current tax year are paid
in full.
[Ord. 6/18/15]
This section shall take effect as of the assessment date of
December 31, 2015.
[Ord. 7/1/91; Ord. 11/6/03; amended 12-8-2022]
Any person who is a legal resident of the Town of Little Compton
and who qualifies as a veteran, pursuant to the provisions of Section
44-3.4. Rhode Island General Laws 1997 as amended, or is the unmarried
widow of such veteran, shall be entitled to a reduction of $250 of
real property taxes owed by said veteran or said widow, or $1,000
on personal property to said veteran or widow located within the Town,
provided that said veteran or said widow makes application for such
exemption on forms prescribed for such purpose by the Tax Assessor.
This exemption of $1,000 shall be in addition to any exemption granted
to such veteran or such widow, provided by the provisions of the General
Laws of the State of Rhode Island.
[Ord. 7/1/91; Ord. 11/6/03]
This section shall take effect as of the assessment date of
December 31, 2003.
[Ord. 10/23/83; Ord. 11/6/03; amended 12-8-2022]
Any person who is a legal resident of the Town of Little Compton
and who qualifies as a veteran of the military, naval, and maritime
service of the United States of America pursuant to the provisions
of Section 44-3-4, Rhode Island General Laws, 1997 as amended, and
who has been, or shall be classified as, or determined to be a prisoner
of war by the Veterans Administration of the United States, shall
be entitled to an exemption of $30,000 from local taxation on real
or personal property owned by said veteran prisoner of war and located
within said Town, provided that said veteran prisoner of war makes
application for such exemption on forms prescribed for said purpose
by the Tax Assessor. This exemption shall be in addition to any exemption
granted to such veteran prisoner of war pursuant to the provisions
of the General Laws of the State of Rhode Island 1997 as amended.
[Ord. 10/23/86; Ord. 11/6/03]
This section shall take effect as of the assessment date of
December 31, 2003.
[Ord. 3/24/94; Ord. 11/6/03; amended 12-8-2022]
Any person who is a legal resident of the Town of Little Compton
and who qualifies for an exemption under Section 44-3-12 Rhode Island
General Laws, 1997, as amended, shall be granted a reduction of $250
of real property taxes owed by the person and located within the Town.
Application for said exemption shall be made to the Tax Assessor.
[Ord. 3/24/94; Ord. 11/6/03]
This section shall take effect as of the assessment date of
December 31, 2003.
[Ord. 11/6/03]
Any person who meets the following requirements:
1.
Is a legal resident of Little Compton for five years or more;
2.
Sixty-five years or older;
3.
Lives in a household that is subject to real estate taxes for which
he/she is liable;
4.
Earns no more than the scheduled household income, may qualify for
a tax exemption. Application for said exemption shall be made on forms
prescribed for such purpose by the Tax Assessor.
[Amended 12-8-2022]
[Ord. 11/6/03]
This section shall take effect as of the assessment date of
December 31, 2003.
[Ord. 11/6/03]
Any person who meets the following requirements:
1.
Is a legal resident of Little Compton for five years or more;
2.
Is 100% disabled and unable to work as of the date of such disability;
3.
Lives in a household that is subject to real estate taxes for which
he/she is liable;
4.
Earns no more than the scheduled household income, may qualify for
a tax exemption. Application for said exemption shall be made on forms
prescribed for such purpose by the Tax Assessor.
[Amended 12-8-2022]
[Ord. 11/6/03]
This section shall take effect as of the assessment date of
December 31, 2003.
[Ord. 5/5/05]
a.
Upon the completion of any comprehensive revaluation update in accordance
with Rhode Island General Laws § 44-5-11.6, and any other
General Law affecting a revaluation update, the Little Compton Tax
Assessor may adopt a tax classification plan, in accordance with the
following limitations:
[Amended 12-8-2022]
1.
The designated classes of property shall be limited to the four classes
as defined below in paragraph b.
2.
The effective tax rate applicable to any class shall not exceed by
50% the rate applicable to any other class. However, in the year following
a reevaluation or statistical reevaluation or update, the Tax Assessor
may adopt tax rates for all ratable tangible property no greater than
twice the rate applicable to any other class. The State Office of
Municipal Affairs must give written approval for this rate, that this
rate is necessary to avoid a loss of revenue due to the reevaluation.
3.
Any tax rate changes from one year to the next shall be applied such
that the same percentage rate change is applicable to all classes.
4.
Notwithstanding paragraphs 2 and 3 above, the tax rates applicable
to motor vehicles within Class 4 as defined in paragraph b are governed
by the Rhode Island General Laws § 44-34.1-1.
b.
Classes of property.
1.
Class 1: Residential real estate consisting of no more than five
dwelling units, land classified as open space, and dwellings on leased
land including mobile homes.
2.
Class 2: Commercial and industrial real estate, residential properties
containing partial commercial or business uses and residential real
estate of more than five dwelling units.
3.
Class 3: All ratable tangible personal property.
4.
Class 4: Motor vehicles and trailers subject to the excise tax created
by chapter 34.1 of title 44 of the Rhode Island General Laws.
