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Rhode Island General Laws 44-5.2-1. Tax classification

Current as of: 2023 | Check for updates | Other versions

     

(a)  Any fire district in the town of Coventry may adopt a tax classification plan, by a vote of the electors of the district, with the following limitations:

(1)  The designated classes of property shall be limited to the four (4) classes as defined in subsection (b) of this section.

(2)  The effective tax rate applicable to any class excluding class 4 shall not exceed by fifty percent (50%) the rate applicable to any other class.

(3)  Any tax rate changes from one year to the next shall be applied such that the same percentage rate change is applicable to all classes, excluding class 4.

(4)  Notwithstanding subdivisions (2) and (3) of this subsection, the tax rates applicable to wholesale and retail inventory within class 3 as defined in subsection (b) of this section are governed by § 44-3-29.1.

(5)  The tax rates applicable to motor vehicles within class 4 as defined in subsection (b) of this section are governed by § 44-34.1-1.

(6)  The provisions of chapter 35 of this title relating to property tax and fiscal disclosure applies to the reporting of and compliance with these classification restrictions.

Terms Used In Rhode Island General Laws 44-5.2-1

  • Personal property: All property that is not real property.
  • real estate: may be construed to include lands, tenements, and hereditaments and rights thereto and interests therein. See Rhode Island General Laws 43-3-10
  • town: may be construed to include city; the words "town council" include city council; the words "town clerk" include city clerk; the words "ward clerk" include clerk of election district; the words "town treasurer" include city treasurer; and the words "town sergeant" include city sergeant. See Rhode Island General Laws 43-3-9

(b) Classes of property.

(1)  Class 1: Residential real estate consisting of no more than five (5) dwelling units, land classified as open space, and dwellings on leased land including mobile homes.

(2)  Class 2: Commercial and industrial real estate, residential properties containing partial commercial or business uses and residential real estate of more than five (5) dwelling units.

(3)  Class 3: All ratable tangible personal property.

(4)  Class 4: Motor vehicles and trailers subject to the excise tax created by chapter 34 of this title.

History of Section.
P.L. 2013, ch. 516, § 1.

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Rhode Island General Laws 44-5-2.1. Jamestown – Maximum levy

Current as of: 2023 | Check for updates | Other versions

     

(a)  Notwithstanding any other provisions of this chapter, in connection with the change of Jamestown’s fiscal year from March 1 to June 30, the town may levy a tax for its extended fiscal year in excess of five and one-half percent (5.5%) in excess of the amount levied and certified by the town for the prior year, and such tax may cover a period of sixteen (16) months.

Terms Used In Rhode Island General Laws 44-5-2.1

  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
  • town: may be construed to include city; the words "town council" include city council; the words "town clerk" include city clerk; the words "ward clerk" include clerk of election district; the words "town treasurer" include city treasurer; and the words "town sergeant" include city sergeant. See Rhode Island General Laws 43-3-9

(b)  “Extended fiscal year” means the period March 1, 2004 to June 30, 2005.

(c)  Notwithstanding the requirements of § 44-5-7(a), persons assessed pursuant to the provisions of this section have the option to pay their taxes in quarterly installments, for the extended fiscal year; provided, that the town is authorized to permit taxes to be paid in five (5) equal installments.

History of Section.
P.L. 2003, ch. 263, § 1; P.L. 2003, ch. 296, § 1.

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