S 2576

2026 -- S 2576
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 LC005242
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  STATE  OF        RHODE  ISLAND
  IN GENERAL ASSEMBLY
  JANUARY SESSION, A.D. 2026
  ____________
  AN ACT
  RELATING TO TAXATION -- LEVY AND ASSESSMENT OF LOCAL TAXES
  Introduced By: Senators Felag, and DiPalma
  Date Introduced: February 13, 2026
  Referred To: Senate Housing & Municipal Government
  (by request)
 It is enacted by the General Assembly as follows:
1SECTION 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:
344-5-11.19. 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2 this title (repealed).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.
5SECTION 2. This act shall take effect upon passage.
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  EXPLANATION
  BY THE LEGISLATIVE COUNCIL
  OF
  AN ACT
  RELATING TO TAXATION -- LEVY AND ASSESSMENT OF LOCAL TAXES
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1This act would allow the town of Tiverton to apply different tax rates to all classes of
2 property.
3This act would take effect upon passage.
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