Chapter 299

2006 -- S 3105 AS AMENDED

Enacted 07/04/06

 

A N  A C T

RELATING TO TAXATION

        

     Introduced By: Senator Kevin A. Breene

     Date Introduced: May 16, 2006

 

It is enacted by the General Assembly as follows:

 

     SECTION 1. Section 44-5-11.6 of the General Laws in Chapter 44-5 entitled "Levy and

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

 

     44-5-11.6. Assessment of valuations -- Apportionment of levies. -- (a) Notwithstanding

the provisions of section 44-5-11 [repealed] beginning on December 31, 2000, the assessors in the

several towns and cities shall conduct an update as defined in this section or shall assess all

valuations and apportion the levy of all taxes legally ordered under the rules and regulations, not

repugnant to law, as the town meetings and city councils, respectively, shall from time to time

prescribe; provided, that the update or valuation is performed in accordance with the following

schedules: (1) (i) For a transition period, for cities and towns who conducted or implemented a

revaluation as of 1993 or in years later:

     Update                                  Revaluation

     Lincoln                                  2000                                        2003

     South Kingstown                    2000                                        2003

     Smithfield                              2000                                        2003

     West Warwick                      2000                                        2003

     Johnston                                2000                                        2003

     Burrillville                              2000                                        2003

     North Smithfield                     2000                                        2003

     Central Falls                          2000                                        2003

     North Kingstown                   2000                                        2003

     Jamestown                            2000                                        2003

     North Providence                   2001                                        2004

     Cumberland                           2001                                        2004

     Bristol                                   2004                                        2001

     Charlestown                          2001                                        2004

     East Greenwich                     2002                                        2005

     Cranston                               2002                                        2005

     Barrington                             2002                                        2005

     Warwick                               2003                                        2006

     Warren                                 2003                                        2006

     East Providence                    2003                                        2006

      (ii) Provided that the reevaluation period for the town of New Shoreham shall be

extended to 2003. and the update for the town of Hopkinton may be extended to 2007 with no

additional reimbursements by the state relating to the delay.

     (iii) The implementation date for this schedule is December 31st, of the stated year.

     (iv) Those cities and towns not listed in this schedule, shall continue the revaluation

schedule pursuant to section 44-5-11 [repealed].

     (2) (i) For the post transition period and in years thereafter:

                                       Update #1                     Update                     #2 Revaluation

     Woonsocket                2002                             2005                         2008

     Pawtucket                  2002                              2005                        2008

     Portsmouth                 2001                              2004                        2007

     Coventry                    2001                              2004                        2007

     Providence                 2003                              2006                        2009

     Foster                        2002                              2005                        2008

     Middletown                2002                              2005                        2008

     Little Compton           2003                              2006                        2009

     Scituate                     2003                              2006                        2009

     Westerly                    2003                              2006                        2009

     West Greenwich        2004                              2007                        2010

     Glocester                   2004                              2007                        2010

     Richmond                  2004                              2007                        2010

     Bristol                       2004                              2007                        2010

     Tiverton                    2005                               2008                        2011

     Newport                   2005                               2008                        2011

     New Shoreham         2006                               2009                        2012

Narragansett                  2005                               2008                        2011

     Exeter                      2005                               2008                        2011

     Hopkinton                 2005 2007                       2008 2010                2011 2013

     Lincoln                     2006                               2009                        2012

     South Kingstown       2006                               2009                        2012

     Smithfield                 2006                                2009                        2012

     West Warwick          2006                               2009                        2012

     Johnston                   2006                               2009                        2012

Burrillville                      2006                               2009                        2012

     North Smithfield        2006                               2009                        2012

     Central Falls             2006                               2009                        2012

     North Kingstown      2006                               2009                        2012

Jamestown                   2006                                2009                        2012

     North Providence     2007                                2010                        2013

Cumberland                  2007                                2010                        2013

Charlestown                 2007                                2010                        2013

     East Greenwich       2008                                2011                        2014

     Cranston                 2008                                2011                        2014

Barrington                    2008                                2011                        2014

     Warwick                 2009                                2012                        2015

     Warren                   2009                                2012                        2015

     East Providence      2009                                2012                        2015

      (ii) The implementation date for the schedule is December 31st of the stated year. Upon

the completion of the update and revaluation according to this schedule, each city and town shall

conduct a revaluation within nine (9) years of the date of the prior revaluation and shall conduct

an update of real property every three (3) years from the last revaluation.

     (b) No later than February 1, 1998, the director of the department of administration shall

promulgate rules and regulations consistent with the provisions of this section to define the

requirements for the updates which shall include, but not be limited to:

     (1) An analysis of sales;

     (2) A rebuilding of land value tables;

     (3) A rebuilding of cost tables of all improvement items; and

     (4) A rebuilding of depreciation schedules. Upon completion of an update, each city or

town shall provide for a hearing and/or appeal process for any aggrieved person to address any

issue, which arose during the update.

     (c) The costs incurred by the towns and cities for the first update shall be borne by the

state in an amount not to exceed twenty dollars ($20.00) per parcel. The costs incurred by the

towns and cities for the second update shall be borne eighty percent (80%) by the state (in an

amount not to exceed sixteen dollars ($16.00) per parcel) and twenty percent (20%) by the town

or city and in the third update and thereafter, the state shall pay sixty percent (60%) of the update

(not to exceed twelve dollars ($12.00) per parcel) and the town or city shall pay forty percent

(40%); provided, that for the second update and in all updates thereafter, that the costs incurred

by any city or town which is determined to be a distressed community pursuant to section 45-13-

12 shall be borne eighty percent (80%) by the state and twenty percent (20%) by the city or town

for all updates required by this section.

     (d) The office of municipal affairs, after consultation with the league of cities and towns

and the Rhode Island assessors' association, shall recommend adjustments to the costs formula

described in subsection (c) of this section based upon existing market conditions.

     (e) Any property, which is either exempt from the local property tax pursuant to section

44-3-3 or which pays a city or town an amount in lieu of taxes, is not required to have its values

updated pursuant to this section, and the property is not eligible for the reimbursement provisions

of subsection (c) of this section. However, those properties which are exempt from taxation and

are eligible for state appropriations in lieu of property tax under the provisions of section 45-13-

5.1 are eligible for state reimbursement pursuant to subsection (c) of this section, provided, that

these properties were revalued as part of that city or town's most recent property revaluation.

     (f) No city or town is required to conduct an update pursuant to this section unless the

state has appropriated sufficient funds to cover the state's costs as identified in subsection (c) of

this section.

     (g) Any city or town that fails to conduct an update or revaluation as required by this

section, or requests and receives an extension of the dates specified in this section, shall receive

the same amount of state aid under sections 45-13-1, 45-13-5.1, and 45-13-12 in the budget year

for which the new values were to apply as the city or town received in-state aid in the previous

budget year; provided, however, if the new year's entitlement is lower than the prior year's

entitlement, the lower amount applies, except for the town of New Shoreham for the fiscal year

2003.

     (h) Any bill or resolution to extend the dates for a city or town to conduct an update or

revaluation must be approved by a two-thirds (2/3) majority of both houses of the general

assembly.

 

     SECTION 2. This act shall take effect upon passage.

     

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LC03231/3

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