§ 44-5-11.10 - Real estate tax classification – East Providence.
SECTION 44-5-11.10
§ 44-5-11.10 Real estate taxclassification – East Providence. – Notwithstanding any provision within § 44-5-11.8 to the contrary:
(a) Upon the completion of any comprehensive revaluation inaccordance with § 44-5-11.6, the city of East Providence may adopt a taxclassification plan by ordinance with the following limitations:
(1) The designated classes of property shall be limited tothe four (4) classes as defined in subsection (b).
(2) The tax rate applicable to any class shall not exceed bytwo hundred percent (200%) the rate applicable to any other class.
(3) Any tax rate changes from one year to the next shall beapplied such that the same percentage rate change is applicable to all classes.
(4) Notwithstanding subdivisions (a)(2) and (a)(3), the taxrates applicable to wholesale and retail inventory within Class 3 as defined insubsection (b) are governed by § 44-3-29.1.
(5) Notwithstanding subdivisions (a)(2) and (a)(3), the taxrates applicable to motor vehicles within Class 4 as defined in subsection (b)are governed by § 44-34.1-1.
(6) The provisions of chapter 35 of this title relating toproperty tax and fiscal disclosure applies to the reporting of and compliancewith these classification restrictions.
(1) Class 1: Residential real estate consisting of no morethan three (3) dwelling units, land classified as open space, and dwellings onleased land including mobile homes. A homestead exemption provision is alsoauthorized within this class; provided, however, that the actual effective rateapplicable to property qualifying for this exemption shall be construed as thestandard rate for this class against which the maximum rate applicable toanother class shall be determined.
(2) Class 2: Commercial and industrial real estate,residential properties containing partial commercial or business uses andresidential real estate of more than three (3) dwelling units.
(3) Class 3: All ratable tangible personal property;excluding wholesale and retail inventory, which shall be taxed in accordancewith § 44-3-29.1.
(4) Class 4: Motor vehicles and trailers subject to theexcise tax created by chapter 34 of this title.