Read the full stored bill text
S2576
2026 -- S 2576
========
LC005242
========
STATE OF RHODE ISLAND
IN GENERAL ASSEMBLY
JANUARY SESSION, A.D. 2026
____________
A N A C T
RELATING TO TAXATION -- LEVY AND ASSESSMENT OF LOCAL TAXES
Introduced By:
Senators Felag, and DiPalma
Date Introduced:
February 13, 2026
Referred To:
Senate Housing & Municipal Government
(by request)
It is enacted by the General Assembly as follows:
1
SECTION 1. Chapter 44-5 of the General Laws entitled "Levy and Assessment of Local
2
Taxes" is hereby amended by adding thereto the following section:
3
44-5-11.19. Tax classification - Tiverton.
4
(a) The assessor of the town of Tiverton shall annually prepare a list containing the full and
5
fair valuation of each property within the town and the percentage of the tax levy to be apportioned
6
to each class of property and tax rates sufficient to produce the proportion of the total tax levy.
7
(b) The assessor has the authority to apply different rates of taxation against all classes of
8
property to determine the tax due and payable on the property; provided that, the rate of taxation is
9
uniform within each class.
10
(c) Classes of property.
11
(1) Class 1: Residential real estate consisting of not more than five (5) dwelling units; land
12
classified as open space; and dwellings on leased land.
13
(i) A homestead exemption provision is also authorized within this class.
14
(ii) In lieu of a homestead exemption, the town of Tiverton may divide this class into non-
15
owner and owner-occupied property and adopt separate tax rates in compliance with the within tax
16
rate restrictions.
17
(2) Class 2: Commercial and industrial real estate; residential properties containing partial
18
commercial or business uses; and residential real estate of more than five (5) dwelling units.
19
(3) Class 3: All ratable, tangible personal property.
1
(4) Class 4: Motor vehicles and trailers subject to the excise tax created by chapter 34 of
2
this title (repealed).
3
(5) Class 5: Mobile homes on leased land, which shall be subject to tax at the applicable
4
state rate.
5
SECTION 2. This act shall take effect upon passage.
========
LC005242
========
LC005242 - Page 2 of 3
EXPLANATION
BY THE LEGISLATIVE COUNCIL
OF
A N A C T
RELATING TO TAXATION -- LEVY AND ASSESSMENT OF LOCAL TAXES
***
1
This act would allow the town of Tiverton to apply different tax rates to all classes of
2
property.
3
This act would take effect upon passage.
========
LC005242
========
LC005242 - Page 3 of 3