RI H7151

Expands Jamestown's property tax exemption program for residents aged 65 and older by adding a new income tier for taxpayers earning 220-240% of the federal poverty guideline, who would receive a 10% exemption

Existing exemption tiers remain unchanged, ranging from 20% for those at 200-220% of poverty level up to 60% for those at or below 140% of poverty level

Exemptions apply only to owner-occupied residential property; income-bearing properties, businesses, and homes used for professional practice are excluded

Applicants must have been Jamestown residents for at least 5 years and must provide documentation including tax returns to prove eligibility

Takes effect upon passage