Chapter 530

2014 -- H 8132

Enacted 07/08/14

A N   A C T

RELATING TO TAXATION -- LEVY AND ASSESSMENT OF LOCAL TAXES

Introduced By: Representatives Gallison, and Marshall

Date Introduced: May 01, 2014

 

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 -- (a) Notwithstanding the provisions of section §44-5-11 [repealed] beginning on December 31, 2000, the assessors in the several towns and cities shall conduct an update as defined in this section or shall assess all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 that 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                                           2007                   2010                     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                   2010                     2014

 Warwick                                              2009                   2012                     2015

 Warren                                                   009                   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. Provided, that for the town of Bristol, the time for the first statistical update following the 2010 revaluation shall be extended from 2013 to 2014 and said statistical update shall be based on valuations as of December 31, 2014.

 (b) No later than February 1, 1998, the director of the department of revenue 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 that 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 iIn 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 that 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 that is either exempt from the local property tax pursuant to section §44-3-3 or which that 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 that 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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LC005444
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