§ 44-5-20.03 - Central Falls – Property tax classification – Duties of the assessor. - Rhode Island Statutes

SECTION 44-5-20.03

   § 44-5-20.03  Central Falls – Propertytax classification – Duties of the assessor. – (a) The assessor of the city of Central Falls shall at the appointed time makea full and fair cash valuation of all the estate, real and personal, and motorvehicles subject to taxation in the city, and the determination is the assessedvaluation of ratable property and motor vehicles.

   (b) The assessed valuation of property subject to taxation isclassified as follows:

   (1) Class 1: residential and open space.

   (2) Class 2:

   (i) Personal property, previously subject to tax, includingall goods, chattels, and effects, wherever they may be, except those that areexempt from taxation by the laws of the United States or of this state; and

   (ii) Every vehicle and trailer registered under chapter 3 oftitle 31.

   (3) Class 3: property used commercially or for industrialmanufacturing.

   (c) The resulting amount is the taxable value of each classof property to which shall apply the tax rates applicable to each class, asdetermined under § 44-5-20.04, to determine the tax due and payable on theproperty.