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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:

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

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

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

     The assessor of the city of Warwick, on or before June 15 of each year, 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. The assessor has

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

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

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

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

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

class two (2) Class 2 property tax rates.

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

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

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

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

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

31, 2022 assessment.

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