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 |
|
|
|
|
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.