R.I. Gen. Laws § 44-5-60 — North Providence — Homestead exemptions

(a) The mayor, upon approval of the town council of the town of North Providence, is authorized
to annually fix the amount, if any, of homestead exemption with respect to assessed
value from local taxation on taxable real property used for residential purposes in
the town of North Providence and to grant homestead exemptions to the owner or owners
of residential real estate in an amount not to exceed twenty percent (20%) of the
assessed value. The exemption only applies to class 3 residential property as defined
in § 44-5-57 improved with a dwelling house whose owner is a resident of North Providence and
who occupies the property as his or her principal residence. The dwelling house shall
consist of no more than five (5) dwelling units. In order to determine compliance
with the homestead exemption as outlined in this subsection, the town council shall
provide, by resolution or ordinance, rules and regulations governing eligibility for
the exemption established by this section.
(b) In the event property granted an exemption under this section is sold or transferred
during the year for which the exemption is claimed, the town council of North Providence
may provide for a proration of the homestead exemption in cases where title to property
passes from those not entitled to claim an exemption to those who are entitled to
claim an exemption; provided, that there is a homestead exemption for owner-occupied
residential and commercial mixed-use (class 5) real estate in an amount not to exceed
ten percent (10%) of the assessed value.