The bill amends Section 44-5-20.02 of the General Laws in Chapter 44-5, which pertains to the classification and assessment of property taxes in Central Falls. It defines Class 5 property to include the commercial portion of mixed-use properties and clarifies that Class 2 encompasses the residential portion of such properties. Additionally, the bill establishes a fixed tax rate for Class 3 property at thirty-eight dollars and thirty-three cents ($38.33) per one thousand dollars ($1,000), maintaining the rate that was in effect at the passage of 44-5-12.2.

The act takes effect upon passage.

Statutes affected:
675: 44-5-20.02
675  SUB A: 44-5-20.02