RI S2808

Allows senior citizens (age 62+), totally disabled citizens, and totally disabled veterans to defer property taxes on owner-occupied single-family homes until death, transfer, or sale of the property

Deferred taxes accrue 6% annual interest and become a lien against the property, with the municipality recording the lien in land evidence records

Properties with reverse mortgages or less than 20% equity are ineligible, and properties with taxes paid through escrow accounts are excluded

State of Rhode Island appropriates $2,000,000 annually beginning fiscal year 2027 to fund the deferral program, administered by the General Treasurer's office

Owners who file claims in bad faith face delinquency penalties, and municipal tax collectors must certify deferral claims to the director of finance by January 31 each year