2017 Rhode Island General Laws
Title 44 - Taxation
Chapter 44-5 - Levy and Assessment of Local Taxes
Section 44-5-12.1 - Assessment of tangible personal property.
§ 44-5-12.1. Assessment of tangible personal property.
(a) All tangible personal property subject to taxation shall be assessed for taxation based on the original purchase price (new or used) including all costs such as freight and installation. Assets will be classified and depreciated as defined in this section.
(b) The following classification and depreciation table shall be used in determining the assessed value of tangible personal property.
| Class of Assets Age | State of Rhode Island Class I Short Life 1-5 yrs | Tangible Property Class II Mid-Life 6-12 yrs Depreciation Rate | Classification Class III Long Life 13+ yrs |
| 1 | 95 | 95 | 95 |
| 2 | 80 | 90 | 90 |
| 3 | 60 | 80 | 85 |
| 4 | 30 | 70 | 80 |
| 5 | 20 | 60 | 75 |
| 6 | 20 | 50 | 70 |
| 7 | 20 | 40 | 65 |
| 8 | 20 | 30 | 60 |
| 9 | 20 | 30 | 55 |
| 10 | 20 | 30 | 50 |
| 11 | 20 | 30 | 45 |
| 12 | 20 | 30 | 40 |
| 13 | 20 | 30 | 35 |
| 14 | 20 | 30 | 30 |
| 15+ | 20 | 30 | 30 |
Assets Shall Not be Trended
(c) Assets shall be classified on an annual basis by the Rhode Island Association of Assessing Officers' Personal Property Committee based on the following table:
INDUSTRY GROUP IN YEARS CLASS
Aerospace industry II
Agriculture machinery and equipment II
cotton ginning II
Aircraft and all helicopters II
Amusement and theme parks II
Apparel and fabricated textile manufacturing II
Automobile repair shops II
Bakeries and confectionery production II
Barber and beauty shops II
Billboards II
Brewery equipment II
Cable television, headend facilities II
microwave systems II
program origination II
service and test II
subscriber connection and distribution II
Canneries and frozen food production II
Cement manufacture III
Chemical and allied production II
Clay products manufacturing III
Clocks and watches, manufacturing II
electronic instrumentation I
Cold storage and ice-making equipment III
Cold storage warehouse equipment II
Computers, personal computers (PC) I
mainframe I/II
peripherals I
Condiments, manufacturing and processing II
Construction equipment, general construction II
Dairy products manufacturing II
Data handling equipment, except computers II
Distilling II
Electrical equipment manufacturing II
Electronic companies, steam production III
other production, combined cycle III
gas turbines III
nuclear production III
transmission III
distribution III
Electronic equipment manufacturing I
Fabricated metal products II
special tools I
Fishing equipment, excluding boats and barges I
Food and beverage production II
special handling devices I
Fur processing II
Gas distribution, total distribution equipment III
Optional - for equipment by category:
mains and services, plastic III
mains and services, steel III
meters, regulators, installations III
other distribution equipment III
Glass and glass products II
special tools I
Grain and grain mill products manufacture III
Gypsum products III
Hand tools I
Hospital furnishings and equipment II
Hotel and motel furnishings and equipment II
Jewelry products and pens II
Knitwear and knit products I
Laundry equipment II
Leather and leather products II
Logging, timber cutting I/II
Machinery manufacturing, except, as otherwise listed II
Marine construction II
Meatpacking II
Medical and dental supply production II
Metalworking machinery manufacturing II
Mining and quarrying II
Motion picture and television production II
Motor vehicle and parts manufacturing II
special tools I
Office furniture and equipment II
Optical lenses and instrument manufacturing II
Paints and varnishes I
Paper and pulp manufacturing II
converted paper, paperboard and pump II
Petroleum and natural gas, drilling, onshore II
drilling, offshore II
exploration and production II
petroleum refining III
pipeline transportation III
Plastics manufacturing I/II
Plastic products manufacturing II
special tools I
Primary metals production, nonferrous and foundry products III
special tools I
Primary steel mill products III
Printing and publishing II
Professional and scientific instruments II
Radio and television, broadcasting I/II
Railroad transportation equipment manufacturing II
locomotive manufacturing II
Recreation and amusement II
Retail trades, fixtures and equipment II
Residential furniture II
Restaurant and bar equipment II
Restaurant equipment, fast foods II
Rubber products manufacturing II
special tools I
Sawmills, permanent II
portable I
Service establishments II
Ship and boat building machinery and equipment II
special tools I
Soft drink manufacture and bottling II
Steam production and distribution III
Stone products manufacturing III
Sugar and sugar products manufacturing III
Telecommunications, local exchange
analog switching I/II
digital switching I/II
circuit, digital I/II
circuit, analog II
circuit, optic I/II
other central office equipment I/II
information/origination equipment I/II
smart phones I
metallic cable II
fiber cable III
poles III
conduit III
Telecommunications, interstate interexchange
analog switching I/II
digital switching I/II
metallic cable II
fiber cable III
poles III
conduit III
all other equipment I/II
Telecommunications, cellular
analog switching I/II
digital switching I/II
radio frequency channel and control I/II
power equipment II
antennae II
towers III
transmission equipment I/II
cellular phones I
Textile products, including finishing and dyeing II
manufacture of nonwoven fabrics II
manufacture of yarn, thread and woven fabrics II
manufacture of textured yarns II
Theater equipment II
Tobacco and tobacco products III
Vegetable oil products III
Waste reduction and resource recovery II
Water transportation III
vessels, barges and tugs III
Water utilities III
Wharves, docks and piers III
Wholesale trade fixtures and equipment II
Wood products and furniture manufacturing II
History of Section.
(P.L. 2006, ch. 383, § 2; P.L. 2006, ch. 434, § 2.)
