CHAPTER 373
2002-S 2791
Enacted 06/28/2002

 

A  N    A  C T

RELATING TO REVALUATION OF THE ASSESSMENT OF LOCAL TAXES IN THE CITY OF PROVIDENCE

Introduced By: Senators Goodwin, Ruggerio, Perry, Igliozzi, and Walton

Date Introduced: February 07, 2002

It is enacted by the General Assembly as follows:

SECTION 1. Section 44-5-11.6 of the General Laws in Chapter 44-5 entitled "Levy and Assessment of Local Taxes" is hereby amended to read as follows:

44-5-11.6. Assessment of valuations -- Apportionment of levies. -- (a) Notwithstanding the provisions of section 44-5-11, beginning on December 31, 2000, the assessors in the several towns and cities shall conduct an update as defined in this section or shall assess all valuations and apportion the levy of all taxes legally ordered under the rules and regulations, not repugnant to law, as the town meetings and city councils, respectively, shall from time to time prescribe; provided, that the update or valuation is performed in accordance with the following schedules: (1) For a transition period, for cities and towns who conducted or implemented a revaluation as of 1993 or in years later:

 

Update

Revaluation

Lincoln

2000

2003

South Kingstown

2000

2003

Smithfield

2000

2003

West Warwick

2000

2003

Johnston

2000

2003

Burrillville

2000

2003

North Smithfield

2000

2003

Central Falls

2000

2003

North Kingstown

2000

2003

Jamestown

2000

2003

North Providence

2001

2004

Cumberland

2001

2004

Bristol

2004

2001

Charlestown

2001

2004

East Greenwich

2002

2005

Cranston

2002

2005

Barrington

2002

2005

Warwick

2003

2006

Warren

2003

2006

East Providence

2003

2006

 

The implementation date for this schedule is December 31st, of the stated year. Those cities and towns not listed in this schedule, shall continue the revaluation schedule pursuant to section 44-5-11. (b) For the post transition period and in years thereafter:

 

 

Update #1

Update #2

Revaluation

Woonsocket

2002

2005

2008

Pawtucket

2001

2004

2007

Portsmouth

2001

2004

2007

Coventry

2001

2004

2007

Providence

2002 2003

2005 2006

2008 2009

Foster

2002

2005

2008

Middletown

2002

2005

2008

Little Compton

2003

2006

2009

Scituate

2003

2006

2009

Westerly

2003

2006

2009

West Greenwich

2004

2007

2010

Glocester

2004

2007

2010

Richmond

2004

2007

2010

Bristol

2004

2007

2010

Tiverton

2005

2008

2011

Newport

2005

2008

2011

New Shoreham

2005

2008

2011

Narragansett

2005

2008

2011

Exeter

2005

2008

2011

Hopkinton

2005

2008

2011

Lincoln

2006

2009

2012

South Kingstown

2006

2009

2012

Smithfield

2006

2009

2012

West Warwick

2006

2009

2012

Johnston

2006

2009

2012

Burrillville

2006

2009

2012

North Smithfield

2006

2009

2012

Central Falls

2006

2009

2012

North Kingstown

2006

2009

2012

Jamestown

2006

2009

2012

North Providence

2007

2010

2013

Cumberland

2007

2010

2013

Charlestown

2007

2010

2013

East Greenwich

2008

2011

2014

Cranston

2008

2011

2014

Barrington

2008

2011

2014

Warwick

2009

2012

2015

Warren

2009

2012

2015

East Providence

2009

2012

2015

 

The implementation date for this schedule is December 31st of the stated year. Upon the completion of the update and revaluation according to this schedule, each city and town shall conduct a revaluation within nine (9) years of the date of the prior revaluation and shall conduct an update of real property every three (3) years from the last revaluation. (c) No later than February 1, 1998, the director of the department of administration shall promulgate rules and regulations consistent with the provisions of this section to define the requirements for the updates which shall include, but not be limited to: (1) An analysis of sales; (2) A rebuilding of land value tables; (3) A rebuilding of cost tables of all improvement items; and (4) A rebuilding of depreciation schedules. Upon completion of an update, each city or town shall provide for a hearing and/or appeal process for any aggrieved person to address any issue which arose during the update. (d) The costs incurred by the towns and cities for the first update shall be borne by the state in an amount not to exceed twenty dollars ($20.00) per parcel. The costs incurred by the towns and cities for the second update shall be borne eighty percent (80%) by the state (in an amount not to exceed sixteen dollars ($16.00) per parcel) and twenty percent (20%) by the town or city and in the third update and thereafter, the state shall pay sixty percent (60%) of the update (not to exceed twelve dollars ($12.00) per parcel) and the town or city shall pay forty percent (40%); provided, that for the second update and in all updates thereafter, that the costs incurred by any city or town which is determined to be a distressed community pursuant to section 45-13-12 shall be borne eighty percent (80%) by the state and twenty percent (20%) by the city or town for all updates required by this section. (e) The office of municipal affairs, after consultation with the league of cities and towns and the Rhode Island assessors' association, shall recommend adjustments to the costs formula described in subsection (d) based upon existing market conditions. (f) Any property, which is either exempt from the local property tax pursuant to section 44-3-3 or which pays a city or town an amount in lieu of taxes, is not required to have its values updated pursuant to this section, and the property is not eligible for the reimbursement provisions of subsection (d). However, those properties which are exempt from taxation and are eligible for state appropriations in lieu of property tax under the provisions of section 45-13-5.1 are eligible for state reimbursement pursuant to subsection (d), provided, that these properties were revalued as part of that city or town's most recent property revaluation. (g) No city or town is required to conduct an update pursuant to this section unless the state has appropriated sufficient funds to cover the state's costs as identified in subsection (d). (h) Any city or town that fails to conduct an update or revaluation as required by this section or requests and receives an extension of the dates specified in this section shall receive the same amount of state aid under sections 45-13-1, 45-13-5.1, and 45-13-12 in the budget year for which the new values were to apply as the city or town received in-state aid in the previous budget year; provided, however, if the new year's entitlement is lower than the prior year's entitlement, the lower amount applies. (i) Any bill or resolution to extend the dates for a city or town to conduct an update or revaluation must be approved by a two-thirds ( 2/3) majority of both houses of the general assembly.

SECTION 2. This act shall take effect upon passage.


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