§ 44-5-11.10 — § 44-5-11.10. Real estate tax classification — East Providence.

Rhode Island § 44-5-11.10

• Jurisdiction: Rhode Island
• Title 44: Taxation
• Ch. 44-5: Levy and Assessment of Local Taxes

Text

§ 44-5-11.10. Real estate tax classification — East Providence.

Notwithstanding any provision within § 44-5-11.8 to the contrary:

(a) Upon the completion of any comprehensive revaluation in accordance with § 44-5-11.6, the city of East Providence may adopt a tax classification plan by ordinance with the following limitations:

(1) The designated classes of property shall be limited to the four (4) classes as defined in subsection (b).

(2) The tax rate applicable to Class 2 shall not exceed by two hundred percent (200%) the rate applicable to Class 1.

(3) Beginning with the assessment date of December 31, 2022, and except in any year in which a comprehensive or statistical revaluation is completed, any tax rate change from one year to the next shall be applied such that the same percentage change is applicable to all classes.

(4) Notwithstanding subdivisions (a)(2) and (a)(3), the tax rates applicable to wholesale and retail inventory within Class 3 as defined in subsection (b) are governed by § 44-3-29.1.

(5) Notwithstanding subdivisions (a)(2) and (a)(3), the tax rates applicable to motor vehicles within Class 4 as defined in subsection (b) are governed by § 44-34.1-1 [repealed].

(6) The provisions of chapter 35 of this title relating to property tax and fiscal disclosure apply to the reporting of and compliance with these classification restrictions.

(b) Classes of Property.

(1) Class 1: Residential real estate consisting of no more than three (3) dwelling units, land classified as open space, and dwellings on leased land including mobile homes. A homestead exemption provision is also authorized within this class.

(2) Class 2: Commercial and industrial real estate, residential properties containing partial commercial or business uses and residential real estate of more than three (3) dwelling units.

(3) Class 3: All ratable tangible personal property; excluding wholesale and retail inventory, which shall be taxed in accordance with § 44-3-29.1.

(4) Class 4: Motor vehicles and trailers subject to the excise tax created by chapter 34 of this title.

Legislative History

P.L. 2004, ch. 9, § 1; P.L. 2004, ch. 13, § 1; P.L. 2023, ch. 13, § 1, effective May 10, 2023; P.L. 2023, ch. 14, § 1, effective May 10, 2023.