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 sections:

44-5-63. Property tax classifications in Barrington -- List of ratable property. -- Upon adoption of a classification of taxable property by the town of Barrington, all ratable property in the town Barrington shall be classified by the assessor as follows:

(1) Class 1 -- All ratable real estate and tangible personal property.

(2) Class 2 -- All motor vehicles and trailers subject to the excise tax created by chapter 34 of this title.

44-5-64. Property tax classification in Barrington -- Tax levy determination. -- (a) The assessor of the town of Barrington shall annually prepare a list containing the full and fair valuation of each property within said town and the percentage of the tax levy to be apportioned to each class of property and tax rates sufficient to produce the proportion of the total tax levy.

(b) The assessor shall have the authority to apply different rates of taxation against class 1, and class 2 property to determine the tax due and payable on the property; provided, however, such rate of taxation shall be uniform within each class.

SECTION 2. This act shall take effect upon passage.