Shown verbatim: the complete text as captured from the official PDF posted by the Rhode Island General Assembly, fetched 2026-07-29. Page and line markers are part of the official record; nothing is edited or removed. The official bill page.
H7298 2026 -- H 7298 ======== LC004125 ======== STATE OF RHODE ISLAND IN GENERAL ASSEMBLY JANUARY SESSION, A.D. 2026 ____________ A N A C T RELATING TO TAXATION -- LEVY AND ASSESSMENT OF LOCAL TAXES Introduced By: Representative John G. Edwards Date Introduced: January 23, 2026 Referred To: House Municipal Government & Housing It is enacted by the General Assembly as follows: 1 SECTION 1. Chapter 44-5 of the General Laws entitled Levy and Assessment of Local 2 Taxes is hereby amended by adding thereto the following section: 3 44-5-11.19. Tax classification - Tiverton. 4 (a) The assessor of the town of Tiverton shall annually prepare a list containing the full and 5 fair valuation of each property within the town and the percentage of the tax levy to be apportioned 6 to each class of property and tax rates sufficient to produce the proportion of the total tax levy. 7 (b) The assessor has the authority to apply different rates of taxation against all classes of 8 property to determine the tax due and payable on the property; provided that, the rate of taxation is 9 uniform within each class. 10 (c) Classes of property. 11 (1) Class 1: Residential real estate consisting of not more than five (5) dwelling units; land 12 classified as open space; and dwellings on leased land. 13 (i) A homestead exemption provision is also authorized within this class. 14 (ii) In lieu of a homestead exemption, the town of Tiverton may divide this class into non- 15 owner and owner-occupied property and adopt separate tax rates in compliance with the within tax 16 rate restrictions. 17 (2) Class 2: Commercial and industrial real estate; residential properties containing partial 18 commercial or business uses; and residential real estate of more than five (5) dwelling units. 19 (3) Class 3: All ratable, tangible personal property. 1 (4) Class 4: Motor vehicles and trailers subject to the excise tax created by chapter 34 of 2 this title (repealed). 3 (5) Class 5: Mobile homes on leased land, which shall be subject to tax at the applicable 4 state rate. 5 SECTION 2. This act shall take effect upon passage. ======== LC004125 ======== LC004125 - Page 2 of 3 EXPLANATION BY THE LEGISLATIVE COUNCIL OF A N A C T RELATING TO TAXATION -- LEVY AND ASSESSMENT OF LOCAL TAXES *** 1 This act would allow the town of Tiverton to apply different tax rates to all classes of 2 property. 3 This act would take effect upon passage. ======== LC004125 ======== LC004125 - Page 3 of 3
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