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 assessor in Warwick, including the requirement to make a full and fair cash valuation of all taxable properties by June 15 each year. The bill establishes that the tax rate for Class 1 and Class 2 properties must be uniform and set to the same percentage. It removes the previous requirement that Class 1 property tax rates must be at least fifty-seven percent of Class 2 property tax rates, thereby allowing for uniform tax rates across these classes. The act is set to take effect upon passage and will apply retroactively to the assessment date of December 31, 2024.

Statutes affected:
6320: 44-5-67.2