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     STATE OF RHODE ISLAND

IN GENERAL ASSEMBLY

JANUARY SESSION, A.D. 2023

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A N   A C T

RELATING TO TAXATION -- LEVY AND ASSESSMENT OF LOCAL TAXES

     

     Introduced By: Senators McKenney, LaMountain, and DeLuca

     Date Introduced: May 15, 2023

     Referred To: Senate Finance

     It is enacted by the General Assembly as follows:

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     SECTION 1. Section 44-5-67.2 of the General Laws in Chapter 44-5 entitled "Levy and

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Assessment of Local Taxes" is hereby amended to read as follows:

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     44-5-67.2. Warwick — Property tax classification — Duties of assessor.

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     The assessor of the city of Warwick, on or before June 15 of each year, shall make a full

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and fair cash valuation of all the estate, real and personal, including motor vehicles and trailers,

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subject to taxation, and determine the assessed valuation of each property class. The assessor has

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the authority to apply different rates of taxation to each class and to determine the tax due and

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payable on the property; provided, that the rates are pursuant to an annual tax resolution approved

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in the same manner as is provided for budget approval in the city charter; provided, further, that

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the rate of taxation is uniform within each class; and provided, further, that for each year, Class 1

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property tax rates shall not be less than seventy-five percent (75%) fifty-seven percent (57%) of

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class two (2) Class 2 property tax rates.

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     SECTION 2. This act shall take effect upon passage and shall apply retroactively to the

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December 31, 2022 assessment.

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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 amend the city of Warwick's ratio of Class 1 and Class 2 property tax rates

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by reducing the minimum ratio of the Class 1 property tax rates from seventy-five percent (75%)

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to fifty-seven percent (57%) of Class 2 property tax rates.

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     This act would take effect upon passage and would apply retroactively to the December

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31, 2022 assessment.

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