2013 -- S 0244

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LC00899

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STATE OF RHODE ISLAND

IN GENERAL ASSEMBLY

JANUARY SESSION, A.D. 2013

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A N A C T

RELATING TO TAXATION - LEVY AND ASSESSMENT OF LOCAL TAXES

     Introduced By: Senator P Fogarty

     Date Introduced: February 13, 2013

     Referred To: Senate Finance

It is enacted by the General Assembly as follows:

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     SECTION 1. Sections 44-5-52, 44-5-53 and 44-5-54 of the General Laws in Chapter 44-5

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entitled "Levy and Assessment of Local Taxes" are hereby amended to read as follows:

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     44-5-52. Burrillville -- Property tax classification authorized. -- The town of

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Burrillville is authorized to adopt a system of property tax classification in any year commencing

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in 2013 for taxes assessed as of December 31, 2012, and thereafter.

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     44-5-53. Burrillville -- Property tax classification -- List of ratable property. – (a)

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Upon adoption of a system of classification of taxable property by the town of Burrillville, all

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ratable property in the town of Burrillville shall be classified by the assessor as follows:

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      (1) Class 1: all ratable real estate and tangible personal property. Class 1: All residential

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real estate, which consists of not more than five (5) dwelling units. Class 1 includes all

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mobile/manufactured homes and residential condominiums;

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      (2) Class 2: all motor vehicles and trailers subject to the excise tax created by chapter 34

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of this title. Class 2: All commercial and industrial real estate and all residential real estate which

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consists of more than five (5) dwelling units;

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     (3) Class 3: All ratable tangible personal property;

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     (4) Class 4: All motor vehicles and trailers subject to the excise tax created by chapter 34

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of this title.

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     (b) Where real property is used or held for more than one purpose and the uses result in

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different classifications, the town council may, by ordinance, establish a process by which the

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assessor shall allocate to each classification the true and fair cash value to the property devoted to

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each use.

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     (c) Notwithstanding any provisions of section 44-5-11.8, the tax rates applicable to

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wholesale and retail inventory within Class 3 as defined in subsection (a) of this section are

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governed by section 44-3-29.1.

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     (d) The tax rates applicable to motor vehicles within Class 4 as defined in subsection (a)

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of this section are governed by section 44-34.1-1.

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     44-5-54. Burrillville -- Property tax classification -- Duties of the assessor. -- (a) The

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assessor of the town of Burrillville, on or before June 1 of each year, shall make a full and fair

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cash valuation of all the estate, real and personal, and motor vehicles subject to taxation under

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this chapter, and determine the assessed valuation of each property class.

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      (b) The assessor is authorized to apply different rates of assessment and/or taxation

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against Class 1 and Class 2 property to each property class as set forth in section 44-5-53 to

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determine the tax due and payable on the property; provided, that the rate for each class is

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uniform within each class; and for each year. Class 2 property rates shall not be more than one

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hundred fifty percent (150%) of Class 1 property tax rates, and Class 3 property rates shall not be

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more than two hundred twenty-five percent (225%) of the maximum allowable Class 2 property

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rates.

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     SECTION 2. This act shall take effect upon passage.

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LC00899

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EXPLANATION

BY THE LEGISLATIVE COUNCIL

OF

A N A C T

RELATING TO TAXATION - LEVY AND ASSESSMENT OF LOCAL TAXES

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     This act would authorize the town of Burrillville, commencing in 2013 for taxes assessed

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as of December 31, 2012, and thereafter, to amend its current two (2) tier tax classification

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system by increasing its ratable taxable properties into four (4) separate classes and shall limit the

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maximum amount of tax to be imposed on certain classes.

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     This act would take effect upon passage.

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LC00899

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