Upon adoption of a system of classification of taxable property by the city of Cranston, all ratable property in the city of Cranston shall be classified by the assessor as follows:

(1)  Class 1: In the city of Cranston, all ratable real estate and tangible personal property.

(2)  Class 2: In the city of Cranston, all motor vehicles and trailers subject to the excise tax created by chapter 34 of Title 44.

History of Section.
P.L. 1996, ch. 75, § 1.