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.
H8525 2026 -- H 8525 ======== LC006407 ======== 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: Representatives Noret, and Read Date Introduced: May 06, 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 sections: 3 44-5-20.30. Coventry -- Property tax classification, levy determination and valuation. 4 (a) The assessor of the town of Coventry, on or before June 1 of each year, shall make full 5 and fair cash valuation of each property class as identified in subsection (b) of this section and 6 notwithstanding the provisions of § 44-5-11.8 to the contrary, determine the percentage of the tax 7 levy to be apportioned each class of property and shall apply tax rates sufficient to produce the 8 proportion of the total tax levy. 9 (b) Classes of property. 10 (1) Class 1. Residential real estate consisting of no more than five (5) dwelling units; land 11 classified as open space; and dwellings on leased land including mobile homes. 12 (2) Class 2. Commercial and industrial real estate; residential properties containing partial 13 commercial or business uses; and residential real estate of more than five (5) dwelling units. 14 (3) Class 3. All ratable tangible personal property excluding motor vehicles and trailers 15 subject in all respects to the requirements of § 44-5.3-3. 16 44-5-20.31. Coventry -- Property tax classification -- Tax levy determination. 17 The assessor shall provide to the town council a list containing the full and fair valuation 18 of each property class, and with the approval of the town council, annually determine the percentage 19 of the tax levy to be apportioned each class of property and shall annually apply tax rates sufficient 1 to produce the proportion of the total tax levy. 2 SECTION 2. This act shall take effect retroactively to December 31, 2025. ======== LC006407 ======== LC006407 - 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 authorize the town of Coventry to apportion the tax levy proportionately 2 between residential and commercial properties. 3 This act would take effect retroactively to December 31, 2025. ======== LC006407 ======== LC006407 - Page 3 of 3
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