Chapter 498

2013 -- H 6102

Enacted 07/17/13

A N A C T

RELATING TO TAXATION - LEVY AND ASSESSMENT OF LOCAL TAXES

Introduced By: Representatives Baldelli-Hunt, Phillips, and Casey

Date Introduced: May 09, 2013

It is enacted by the General Assembly as follows:

SECTION 1. Sections 44-5-74.1 and 44-5-74.2 of the General Laws in Chapter 44-5

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

44-5-74.1. Woonsocket -- List of ratable property. – (a) Upon adoption of a system of

classification of taxable property by the city of Woonsocket, all ratable property in the city of

Woonsocket shall be classified by the assessor as follows:

      (1) Class One: all ratable tangible personal property and motor vehicles;

      (2) Class Two: residential real estate with less than eleven (11) four (4) units;

      (3) Class Three: all commercial and industrial real estate and residential real estate with

eleven (11) four (4) units or more, except as provided for in subsection (b).

(b) As to any residential real estate with four (4) units and wherein one or more of such

units are occupied by the owner of the real estate, such four (4) unit residential real estate shall be

classified as Class Two residential real estate. Said real estate shall be classified as Class Three if

it fails to have at least one unit that is occupied by the owner of the real estate. An owner of

residential real estate with four (4) units who is entitled to the Class Two residential real estate

classification pursuant to this section shall annually file a declaration of such owner-occupied

status with the tax assessor. The assessor shall prepare an appropriate form for the making of such

declaration.

44-5-74.2. Woonsocket -- Valuation of ratable property. -- (a) The assessor of the city

of Woonsocket, on or before June 1 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.

      (b) The assessor has the authority to apply different rates of taxation against Class One,

Class Two, and Class Three property to determine the tax due and payable on the property;

provided, that the rate of taxation is uniform within each class. Additionally, the rate of taxation

for Class Three property shall never be greater than thirty-four and two-tenths percent (34.2%) of

the total tax levy produced by Class Two and Class Three combined. When real property is used

for mixed purposes, the applicable rate shall be applied to the proportionate amount of the real

property used for each purpose.

SECTION 2. This act shall take effect upon passage.

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LC02563

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