Rhode Island S2576 allows the town of Tiverton to apply different tax rates to all classes of property.

Rhode Island S2576 amends the General Laws to allow the town of Tiverton to apply different tax rates to all classes of property. The bill defines five classes of property, including residential, commercial, industrial, personal, and motor vehicles. The assessor must annually prepare a list of each property's valuation and the percentage of the tax levy apportioned to each class. The act takes effect upon passage.

Rhode Island S2576 allows the town of Tiverton to apply different tax rates to all classes of property.

Rhode Island S2576 amends the General Laws to allow the town of Tiverton to apply different tax rates to all classes of property. The bill defines five classes of property, including residential, commercial, industrial, personal, and motor vehicles. The assessor must annually prepare a list of each property's valuation and the percentage of the tax levy apportioned to each class. The act takes effect upon passage.