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 | |
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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: | |
1 | SECTION 1. Chapter 44-5 of the General Laws entitled "Levy and Assessment of Local |
2 | Taxes" is hereby amended by adding thereto the following section: |
3 | 44-5-11.16. Real estate tax classification - Cumberland. |
4 | (a) The assessor of the town of Cumberland shall annually prepare a list containing the full |
5 | and fair valuation of each property within the town and the percentage of the tax levy to be |
6 | apportioned to each class of property and tax rates sufficient to produce the proportion of the total |
7 | tax levy. |
8 | (b) The assessor has the authority to apply different rates of taxation against all classes of |
9 | property to determine the tax due and payable on the property; provided that, the rate of taxation is |
10 | uniform within each class. |
11 | (c) Classes of Property. |
12 | (1) Class 1: Residential real estate consisting of not more than five (5) dwelling units; land |
13 | classified as open space; and dwellings on leased land including mobile homes. |
14 | (i) A homestead exemption is also authorized within this class. |
15 | (ii) In lieu of a homestead exemption, the town of Cumberland may divide this class into |
16 | non-owner and owner-occupied property and adopt separate tax rates in compliance with the within |
17 | tax rate restrictions. |
18 | (2) Class 2: Commercial and industrial real estate; residential properties containing partial |
19 | commercial or business uses; and residential real estate of more than five (5) dwelling units. |
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1 | (3) Class 3: All ratable, tangible personal property. |
2 | (4) Class 4: Motor vehicles and trailers subject to the excise tax created by chapter 34 of |
3 | this title. |
4 | 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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1 | This act would provide the authority to the assessor of the town of Cumberland to apply a |
2 | tax classification system for real estate and personal property. |
3 | This act would take effect upon passage. |
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