| Chapter 350 |
| 2025 -- S 1122 Enacted 07/01/2025 |
| A N A C T |
| RELATING TO TAXATION -- LEVY AND ASSESSMENT OF LOCAL TAXES |
Introduced By: Senator David P. Tikoian |
| Date Introduced: June 02, 2025 |
| It is enacted by the General Assembly as follows: |
| SECTION 1. Section 44-5-20.16 of the General Laws in Chapter 44-5 entitled "Levy and |
| Assessment of Local Taxes" is hereby amended to read as follows: |
| 44-5-20.16. Smithfield — Property tax classification and valuation. Smithfield -- |
| Property tax classification, levy determination and valuation. |
| (a) The assessor of the town of Smithfield, on or before June 1 of each year, shall make |
| full- and fair-cash valuation of all the estate, real and personal, and motor vehicles subject to |
| taxation, herein, and determine the assessed valuation of each property class each property class as |
| identified in subsection (b) of this section and notwithstanding the provisions of § 44-5-11.8 to the |
| contrary, determine the percentage of the tax levy to be apportioned each class of property and shall |
| apply tax rates sufficient to produce the proportion of the total tax levy. |
| (b) Class 1 and Class 2: The assessor shall apply different rates of taxation against Class 1 |
| residential real estate and Class 2 commercial estate, in accordance with § 44-5-11.8, to determine |
| the tax due and payable on the property; provided, however, the rate for each class shall be uniform. |
| (c) Class 3: All ratable, tangible personal property shall be capped at the 2017 tax rate and |
| not increased until which time the rate is not greater than twice the rate applicable to any other class |
| in accordance with § 44-5-11.8. |
| (d) Class 4: The tax rates applicable to motor vehicles within Class 4, as defined in |
| subsection (b) of this section, are governed by § 44-34.1-1 [repealed]. |
| (b) Classes of property. |
| (1) Class 1. Residential real estate consisting of no more than five (5) dwelling units; land |
| classified as open space; and dwellings on leased land including mobile homes. |
| (2) Class 2. Commercial and industrial real estate; residential properties containing partial |
| commercial or business uses; and residential real estate of more than five (5) dwelling units. |
| (3) Class 3. All ratable tangible personal property excluding motor vehicles and trailers |
| subject in all respects to the requirements of § 44-5.3-3. |
| SECTION 2. This act shall take effect upon passage. |
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| LC002964 |
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