The bill amends Section 44-5-67.2 of the General Laws in Chapter 44-5, which pertains to the levy and assessment of local taxes in Warwick. It introduces new language that specifies the duties of the city assessor, who is required to conduct a full and fair cash valuation of all taxable properties by June 15 each year. The bill provides that the rate of taxation is uniform within each class, removing the previous requirement that Class 1 property tax rates must be at least fifty-seven percent of Class 2 rates. This change allows for uniform tax rates across Class 1 and Class 2 properties.

Additionally, the act stipulates that the tax rates for Class 1 and Class 2 properties must be uniform and set to the same percentage. The bill will take effect upon passage and will be applied retroactively to the assessment dated December 31, 2024.

Statutes affected:
6320: 44-5-67.2