§ 45-13-5.2 - Valuation of tax exempt property for purposes of computing state grants. - Rhode Island Statutes

SECTION 45-13-5.2

   § 45-13-5.2  Valuation of tax exemptproperty for purposes of computing state grants. – Not later than August first in any year, any town or municipality to which agrant may be payable under the provisions of § 45-13-5.1, shall providethe director of revenue with the assessed valuation of the tax exempt realproperty which is required for the computation of the grant. The director ofrevenue may, on or before April 30 next succeeding the receipt of thestatement, reevaluate any exempt property when, in the director's judgment thevaluation made by the local assessor or assessors is inaccurate, and shallnotify the municipality of the reevaluation. Any municipality aggrieved by theaction of the director of revenue under the provisions of this section may,within two (2) weeks of the notice, file an appeal consistent with theprovisions of chapter 35 of title 42.