TITLE 44
Taxation
CHAPTER 44-5
Levy and Assessment of Local Taxes
SECTION 44-5-79
§ 44-5-79 Little Compton Property
tax classification.
(a) The assessor of the town of Little Compton shall make a full and fair cash
valuation of all the estate, real and personal, including motor vehicles and
trailers, subject to taxation and determine the assessed valuation of each
property class as defined in § 44-5-11.8 of the General Laws entitled Tax
Classification.
(b) The town council of the town of Little Compton is
authorized to apply, by ordinance, a higher rate of taxation to Class 3
property (all ratable tangible property) beginning in tax year 2005 (values as
of 12/31/2004); provided, that the tax rate applicable to Class 3 property,
notwithstanding the provisions of § 44-5-11.8, shall not exceed the rate
applicable to Class 1 by more than two hundred percent (200%); and provided
further, that any subsequent tax rate changes thereafter shall be made
consistent with the provisions of § 44-5-11.8.
History of Section.
(P.L. 2005, ch. 253, § 2; P.L. 2005, ch. 261, § 2.)
