2022 -- S 2624

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LC005083

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     STATE OF RHODE ISLAND

IN GENERAL ASSEMBLY

JANUARY SESSION, A.D. 2022

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A N   A C T

RELATING TO TAXATION -- LEVY AND ASSESSMENT OF LOCAL TAXES

     

     Introduced By: Senators Pearson, and Picard

     Date Introduced: March 10, 2022

     Referred To: Senate Housing & Municipal Government

     (by request)

It is enacted by the General Assembly as follows:

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     SECTION 1. Chapter 44-5 of the General Laws entitled "Levy and Assessment of Local

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Taxes" is hereby amended by adding thereto the following section:

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     44-5-11.16. Real estate tax classification - Cumberland.

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     (a) The assessor of the town of Cumberland shall annually prepare a list containing the full

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and fair valuation of each property within the town and the percentage of the tax levy to be

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apportioned to each class of property and tax rates sufficient to produce the proportion of the total

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tax levy.

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     (b) The assessor has the authority to apply different rates of taxation against all classes of

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property to determine the tax due and payable on the property; provided that, the rate of taxation is

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uniform within each class.

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     (c) Classes of Property.

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     (1) Class 1: Residential real estate consisting of not more than five (5) dwelling units; land

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classified as open space; and dwellings on leased land including mobile homes.

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     (i) A homestead exemption is also authorized within this class.

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     (ii) In lieu of a homestead exemption, the town of Cumberland may divide this class into

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non-owner and owner-occupied property and adopt separate tax rates in compliance with the within

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tax rate restrictions.

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     (2) Class 2: Commercial and industrial real estate; residential properties containing partial

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commercial or business uses; and residential real estate of more than five (5) dwelling units.

 

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     (3) Class 3: All ratable, tangible personal property.

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     (4) Class 4: Motor vehicles and trailers subject to the excise tax created by chapter 34 of

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this title.

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     SECTION 2. This act shall take effect upon passage.

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EXPLANATION

BY THE LEGISLATIVE COUNCIL

OF

A N   A C T

RELATING TO TAXATION -- LEVY AND ASSESSMENT OF LOCAL TAXES

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     This act would provide the authority to the assessor of the town of Cumberland to apply a

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tax classification system for real estate and personal property.

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     This act would take effect upon passage.

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