2015 Rhode Island General Laws
Title 44 - Taxation
Chapter 44-5 - Levy and Assessment of Local Taxes
Section 44-5-74.1 - Woonsocket – List of ratable property.

§ 44-5-74.1 Woonsocket – List of ratable property. – (a) Upon adoption of a system of classification of taxable property by the city of Woonsocket, all ratable property in the city of Woonsocket shall be classified by the assessor as follows:

(1) Class One: all ratable tangible personal property and motor vehicles;

(2) Class Two: residential real estate with less than four (4) units;

(3) Class Three: all commercial and industrial real estate and residential real estate with four (4) units or more, except as provided for in subsection (b).

(b) As to any residential real estate with four (4) units and wherein one or more of such units are occupied by the owner of the real estate, such four (4) unit residential real estate shall be classified as Class Two residential real estate. Said real estate shall be classified as Class Three if it fails to have at least one unit that is occupied by the owner of the real estate. An owner of residential real estate with four (4) units who is entitled to the Class Two residential real estate classification pursuant to this section shall annually file a declaration of such owner-occupied status with the tax assessor. The assessor shall prepare an appropriate form for the making of such declaration.

History of Section.
(P.L. 2000, ch. 30, § 1; P.L. 2000, ch. 39, § 1; P.L. 2013, ch. 498, § 1.)