| Chapter 269 |
| 2021 -- S 0792 Enacted 07/14/2021 |
| A N A C T |
| RELATING TO TAXATION -- LEVY AND ASSESSMENT OF LOCAL TAXES |
Introduced By: Senator Stephen R. Archambault |
| Date Introduced: April 08, 2021 |
| It is enacted by the General Assembly as follows: |
| SECTION 1. Sections 44-5-20.05, 44-5-20.06, 44-5-20.07 and 44-5-20.08 of the General |
| Laws in Chapter 44-5 entitled "Levy and Assessment of Local Taxes" are hereby amended to read |
| as follows: |
| 44-5-20.05. Westerly and Smithfield -- Property tax classification Westerly -- |
| Property tax classification. |
| The towns town of Westerly and Smithfieldmay may, by resolution or ordinance adopted |
| by its respective the town council, provide for a system of classification of taxable property in |
| conformity with the provisions of ยงยง 44-5-20.06 -- 44-5-20.08. |
| 44-5-20.06. Westerly and Smithfield -- Property tax classification -- List of ratable |
| property Westerly -- Property tax classification -- List of ratable property. |
| Upon adoption of a system of classification of taxable property by the town of Westerly or |
| by the town of Smithfield, all ratable property in the town of Westerly or Smithfield, as the case |
| may be, shall be classified by the assessor as follows: |
| (1) Class 1: In the town of Westerly, all ratable real estate and tangible personal property; |
| in the town of Smithfield, all ratable real estate. |
| (2) Class 2: In the town of Westerly, all motor vehicles and trailers subject to the excise |
| tax created by chapter 34 of this title; in the town of Smithfield, all tangible personal property as |
| well as all motor vehicles and trailers subject to the excise tax created by chapter 34 of this title. |
| 44-5-20.07. Westerly and Smithfield -- Property tax classification -- Duties of assessor |
| Westerly -- Property tax classification -- Duties of assessor. |
| (a) The assessor of the town of Westerly or of the town of Smithfield, on or before June 15 |
| of each year, shall make a full and fair cash valuation of all the estate, real and personal, and motor |
| vehicles subject to taxation, and determine the assessed valuation of each property class. |
| (b) The assessor shall apply different rates of taxation against Class 1 and Class 2 property |
| to determine the tax due and payable on the property; provided, that the rate for each class is |
| uniform. |
| 44-5-20.08. Westerly and Smithfield -- Property tax classification -- Tax levy |
| determination Westerly -- Property tax classification -- Tax levy determination. |
| The assessor of the town of Westerly or of the town of Smithfield shall provide to the town |
| council of Westerly or of Smithfield, as the case may be, a list containing the full and fair cash |
| valuation of each property class, and with the approval of the town of Westerly or of the town of |
| Smithfield town council, annually determine the percentages of the tax levy to be apportioned each |
| class of property and shall annually apply tax rates sufficient to produce the proportion of the total |
| tax levy. |
| SECTION 2. This act shall take effect upon passage. |
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| LC002563 |
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