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.)