Chapter 212

2005 -- H 6567

Enacted 07/08/05

A N A C T

AUTHORIZING THE TOWN OF NARRAGANSETT TO ADOPT A TAX CLASSIFICATION PLAN

Introduced By: Representatives Lally, and D Caprio

Date Introduced: June 07, 2005    

It is enacted by the General Assembly as follows:

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

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

44-5-11.14. Commercial/residential real estate classification -- Narragansett. –

Notwithstanding any provisions of section 44-5-11.8 to the contrary, the town of Narragansett

may adopt a separate tax classification for owner occupied mixed use combination commercial

and residential properties with five (5) units or less provided that the total commercial portion of

the structure cannot occupy more than fifty percent (50%) of the entire square foot size of the

structure itself. The tax assessor shall be required to allocate the percentage share of the full and

fair market value of the property devoted to residential real estate use. This portion of the

property shall be subject to the same tax rate as property defined in class 1 by section 44-5-

11.8(b)(1)(i), while the remaining percentage of the property shall be subject to the tax rate as

property defined as class 2 by section 44-5-11.8(b)(2).

     SECTION 2. The question of the approval of this act shall be submitted to the electors of

the town of Narragansett at an election on a date to be determined by their town council which

occurs at least thirty (30) days after the passage of this act. The question shall be submitted in

substantially the following form: "Shall an act, passed at the 2005 session of the general

assembly, entitled 'An Act Authorizing the Town of Narragansett to Adopt a Tax Classification

Plan' be approved?" and the warning for the election shall contain the question to be submitted.

The town board of canvassers may combine any two or more voting districts for the election and

when so combined shall be treated as a voting district. If so combined, the town board of

canvassers shall advertise the combination of districts in a newspaper of general circulation in the

town. From the time the election is warned and until it is held, it shall be the duty of the town

clerk to keep a copy of the act available at his or her office for public inspection, but the validity

of the election shall not be affected by this requirement.

     SECTION 3. This act shall take effect after the approval by Narragansett electors at an

election held at least thirty (30) days after the passage of this act.      

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LC03205

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