Rhode Island § 44-5-79 § 44-5-79. Little Compton — Property tax classification.

Rhode Island Statutes

§ 44-5-79 — § 44-5-79. Little Compton — Property tax classification.

Rhode Island·Title 44 Taxation·Ch. 44-5 Levy and Assessment of Local Taxes

§ 44-5-79. Little Compton — Property tax classification.
(a) The assessor of the town of Little Compton 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 as defined
            in § 44-5-11.8 of the General Laws entitled Tax Classification.
         
(b) The town council of the town of Little Compton is authorized to apply, by ordinance,
            a higher rate of taxation to Class 3 property (all ratable tangible property) beginning
            in tax year 2005 (values as of 12/31/2004); provided, that 

Free access — add to your briefcase to read the full text and ask questions with AI

§ 44-5-79. Little Compton — Property tax classification.

(a) The assessor of the town of Little Compton 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 as defined in § 44-5-11.8 of the General Laws entitled Tax Classification.

(b) The town council of the town of Little Compton is authorized to apply, by ordinance, a higher rate of taxation to Class 3 property (all ratable tangible property) beginning in tax year 2005 (values as of 12/31/2004); provided, that the tax rate applicable to Class 3 property, notwithstanding the provisions of § 44-5-11.8, shall not exceed the rate applicable to Class 1 by more than two hundred percent (200%); and provided further, that any subsequent tax rate changes thereafter shall be made consistent with the provisions of § 44-5-11.8.

Rhode Island § 44-5-79 (§ 44-5-79. Little Compton — Property tax classification.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.