Section 44-5-76.1 Newport - Property tax classification - List of ratable property.

RI Gen L § 44-5-76.1 (2019) (N/A)
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§ 44-5-76.1. Newport - Property tax classification - List of ratable property. 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:

(1) Class One: all ratable tangible personal property;

(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

(4) Class Four: motor vehicles and trailers subject to the excise tax created by chapter 34 of this title.

History of Section. (P.L. 2002, ch. 279, § 1; P.L. 2002, ch. 346, § 1.)