§ 44-5-11.16 — § 44-5-11.16. Tax classification — Cumberland.

Rhode Island § 44-5-11.16

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

Text

§ 44-5-11.16. Tax classification — Cumberland.

(a) The assessor of the town of Cumberland shall annually prepare a list containing the full and fair valuation of each property within the town and the percentage of the tax levy to be apportioned to each class of property and tax rates sufficient to produce the proportion of the total tax levy.

(b) The assessor has the authority to apply different rates of taxation against all classes of property to determine the tax due and payable on the property; provided that, the rate of taxation is uniform within each class.

(c) Classes of property.

(1) Class 1: Residential real estate consisting of not more than five (5) dwelling units; land classified as open space; and dwellings on leased land including mobile homes.

(i) A homestead exemption provision is also authorized within this class.

(ii) In lieu of a homestead exemption, the town of Cumberland may divide this class into non-owner and owner-occupied property and adopt separate tax rates in compliance with the within tax rate restrictions.

(2) Class 2: Commercial and industrial real estate; residential properties containing partial commercial or business uses; and residential real estate of more than five (5) dwelling units.

(3) Class 3: All ratable, tangible personal property.

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

Legislative History

P.L. 2022, ch. 140, § 1, effective June 23, 2022; P.L. 2022, ch. 141, § 1, effective June 23, 2022.