2017 Rhode Island General Laws
Title 44 - Taxation
Chapter 44-5 - Levy and Assessment of Local Taxes
Section 44-5-76.2 - Newport - Property tax classification.
§ 44-5-76.2. Newport - Property tax classification.
(a) The assessor of the city of Newport, on or before June 1 of each year, shall make a full and fair cash valuation of all the estate, real and personal, including motor vehicles and trailers, subject to taxation and determine the assessed valuation of each property class.
(b) The designated classes of property shall be limited to the four (4) classes as defined in § 44-5-76.1.
(c) The effective tax rate applicable to any class shall not exceed by fifty percent (50%) the rate applicable to any other class.
(d) Any tax rate changes from one year to the next shall be applied so that the same percentage rate change is applicable to all classes.
(e) The tax rates applicable to motor vehicles within class four as defined in § 44-5-76.1 are governed by § 44-34.1-1.
(f) The provisions of chapter 35 of this title relating to property tax and fiscal disclosure applies to the reporting of and compliance with these classification restrictions.
History of Section.
(P.L. 2002, ch. 279, § 1; P.L. 2002, ch. 346, § 1.)
