[Summit] Homestead exemption on residential tax bill

[Virginia Pires]

When I received my owner-occupied residential property tax bill, I read that a 40% homestead exemption was reflected in my bill.  Not true.  When I did the math, my homestead exemption was 39.98338%.  Close, but not 40% as stated on the bill.  Has anyone else done the math on the homestead exemption on their owner-occupied residential property tax bill?  

The difference between what the City was allowing as an exemption was only $63 LESS than what a 40% exemption would be; less exemption, more tax.  It wasn’t the dollar difference that bothered me, but the principle that the bill stated the exemption was 40%.  That’s what motivated me to go to the Providence Tax Assessor’s office to have my bill corrected, or at least get an explanation as to why there was a discrepancy.  I told the employee of the discrepancy, and was given a 40% exemption with the difference applied to my tax due as a credit in the 1st quarter.  The employee was very courteous and responsive to my concern.

Virginia Pires
208 Chace Avenue