2009 Rhode Island Code
Title 45 - Towns and cities
CHAPTER 45-32 - Redevelopment Projects
§ 45-32-41 - Proration of property tax.

SECTION 45-32-41

   § 45-32-41  Proration of property tax. – Notwithstanding the provisions of any other statute enacted before April 2, 1956, all taxes assessed against any real property acquired by the agency in accordance with the provisions of this chapter may be prorated in the following manner:

   The owner of record on the date of assessment is responsible for the payment of those taxes from the date of assessment to the date of the taking of the property, and payment by the owner of record of those taxes allocable from the date of assessment to the date the agency acquires the real property, plus the payment of any other assessment constituting a lien on the property taken, discharges and releases the owner on the date of assessment from further liability with respect to taxes assessed against the real property taken, and thereafter the agency shall be responsible for the payment of those taxes.

Disclaimer: These codes may not be the most recent version. Rhode Island may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.