Providence tiered homestead exemption draws angry reaction

THE CITY Council leadership has introduced a tiered proposal for a homestead exemption. / PBN PHOTO CHRIS BERGENHEIM
THE CITY Council leadership has introduced a tiered proposal for a homestead exemption. / PBN PHOTO CHRIS BERGENHEIM
PROVIDENCE – Angry homeowners lashed out at the Providence City Council finance chairman on Thursday, upset at a proposal that would create a tiered homestead exemption based on property value. Although the council leadership proposal would reintroduce a homestead exemption, the formula would result in homes exceeding $350,000 getting a smaller percentage reduction than less…

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