§ 44-5-1 - Powers of city or town electors to levy – Date of assessment of valuations.
SECTION 44-5-1
§ 44-5-1 Powers of city or town electorsto levy – Date of assessment of valuations. – The electors of any city or town qualified to vote on any proposition to imposea tax or for the expenditure of money, when legally assembled, may levy a taxfor the purposes authorized by law, on the ratable property of the city ortown, either in a sum certain, or in a sum not less than a certain sum and notmore than a certain sum. The tax is apportioned upon the assessed valuations asdetermined by the assessors of the city or town as of December 31 in each yearat 12:00 A.M. midnight, the date being known as the date of assessment of cityor town valuations.