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:

{ADD 44-5-20.05. ADD} {DEL Property tax classification -- Westerly. -- DEL} {ADD Property tax classification. -- Westerly and Smithfield. -- ADD} The town {ADD s ADD} of Westerly {ADD and Smithfield ADD} may by resolution or ordinance adopted by {DEL the DEL} {ADD its respective ADD} town council provide for a system of classification of taxable property in conformity with the provisions of sections 44-5-20.06 through 44-5-20.08.

{ADD 44-5-20.06. ADD} {DEL Property tax classification -- Westerly -- List of Ratable Property. -- DEL} {ADD Property tax classification. -- Westerly and Smithfield. -- List of ratable property. -- ADD} Upon adoption of a system of classification of taxable property by the town of Westerly {ADD or by the town of Smithfield ADD} , all ratable property in the town of Westerly {ADD or Smithfield, as the case may be, ADD} shall be classified by the assessor as follows:

(a) Class One (1) -- {ADD In the town of Westerly, ADD} {DEL A DEL} {ADD a ADD} ll ratable real estate and tangible personal property {ADD ; in the town of Smithfield, all ratable real estate ADD} .

(b) Class Two (2) -- {ADD In the town of Westerly, ADD} {DEL A DEL} {ADD a ADD} ll motor vehicles and trailers subject to the excise tax created by chapter 34 of title 44 {ADD ; 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 title 44 ADD} .

{ADD 44-5-20.07. ADD} {DEL Property tax classification -- Westerly -- Duties of assessor. -- DEL} {ADD Property tax classification. -- Westerly and Smithfield. -- Duties of assessor. -- ADD} (a) The assessor of the town of Westerly {ADD or of the town of Smithfield ADD} on or before June {DEL 1 DEL} {ADD 15 ADD} of each year, shall make a 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.

(b) The assessor shall apply different rates of taxation against class one (1) and class two (2) property to determine the tax due and payable on the property {ADD , provided, however that the rate for each class is uniform ADD} .

{ADD 44-5-20.08. ADD} {DEL Property tax classification -- Westerly -- Tax levy determination. -- DEL} {ADD Property tax classification. -- Westerly and Smithfield. -- Tax levy determination. -- ADD} . -- The assessor {ADD of the town of Westerly or of the town of Smithfield ADD} shall provide to the town council {ADD of Westerly or of Smithfield, as the case may be, ADD} a list containing the full and fair cash valuation of each property class, and with the approval of the {ADD town of Westerly or of the town of Smithfield ADD} 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.