R.I. Gen. Laws § 44-5-76.1
Newport — Property tax classification — List of ratable property
Redline — August 1, 2022 → current.View current text →
Current — November 1, 2022
As of August 1, 2022
(1) Upon adoption of a system of classification of taxable property by the city of Newport, all ratable property in the city of Newport shall be classified by the assessor as follows: Class One: all ratable tangible personal property;
(1) Upon adoption of a system of classification of taxable property by the city of Newport, all ratable property in the city of Newport shall be classified by the assessor as follows: Class One: all ratable tangible personal property;
(2) Class Two: residential real estate with less than four (4) units;
(2) Class Two: residential real estate with less than four (4) units;
(3) Class Three: all commercial and industrial real estate and residential real estate with four (4) units or more; and
(3) Class Three: all commercial and industrial real estate and residential real estate with four (4) units or more; and
(4) Class Four: motor vehicles and trailers subject to the excise tax created by chapter 34 of this title.
(4) Class Four: motor vehicles and trailers subject to the excise tax created by chapter 34 of this title.
(5) In lieu of the city of Newport adopting a homestead exemption authorized by ordinances enacted pursuant to § 44-5-78, the city of Newport may divide the residential real estate in Class Two of this section, into non-owner occupied and owner occupied properties and adopt separate tax rates in compliance with the restrictions set forth in § 44-5-76.2. The city of Newport, by ordinance or resolution, shall provide rules and regulations, including, but not limited to, governing the division and definition of non-owner and owner occupied properties.
(5) In lieu of the city of Newport adopting a homestead exemption authorized by ordinances enacted pursuant to § 44-5-78, the city of Newport may divide the residential real estate in Class Two of this section, into non-owner occupied and owner-occupied properties and adopt separate tax rates in compliance with the restrictions set forth in § 44-5-76.2. The city of Newport, by ordinance or resolution, shall provide rules and regulations, including, but not limited to, governing the division and definition of non-owner and owner-occupied properties.
Official source: Rhode Island General Assembly. Reproduced from public-domain Rhode Island statutes; confirm against the official source for the current text. Not legal advice.