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Rhode Island Real Estate Q&A Discussion Forum
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Updated almost 6 years ago on . Most recent reply

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Christian Scully
  • Mortgage Loan Originator
  • Providence, RI
22
Votes |
35
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Providence Owner Occupancy

Christian Scully
  • Mortgage Loan Originator
  • Providence, RI
Posted

Hey Providence folks, I'm wondering if 2nd homes are considered owner occupied? 

Most Popular Reply

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1,458
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Anthony Thompson
  • Buy and Hold Investor
  • Cranston, RI
1,401
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1,458
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Anthony Thompson
  • Buy and Hold Investor
  • Cranston, RI
Replied

@Christian Scully I'm not sure I understand your question correctly, since it seems like, almost by definition, a second home would not be an owner's primary residence.

If you're asking for purposes of the lower owner-occupied tax rate in Providence, the language in the Providence Declaration for Owner-Occupied Tax Rate says, "my above described residence in the city of Providence constitutes my predominant and principle home. I intend to continue it to be permanently as such."

If you mean something else, could you give an example?

  • Anthony Thompson
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