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Current as of January 01, 2024 | Updated by Findlaw Staff
(a) The assessor of the city of Central Falls shall at the appointed time make a full and fair cash valuation of all the estate, real and personal, and motor vehicles subject to taxation in the city, and the determination is the assessed valuation of ratable property and motor vehicles.
(b) The assessed valuation of property subject to taxation is classified as follows:
(1) Class 1: residential and open space.
(2) Class 2:
(i) Personal property, previously subject to tax, including all goods, chattels, and effects, wherever they may be, except those that are exempt from taxation by the laws of the United States or of this state; and
(ii) Every vehicle and trailer registered under chapter 3 of title 31.
(3) Class 3: property used commercially or for industrial manufacturing.
(c) The resulting amount is the taxable value of each class of property to which shall apply the tax rates applicable to each class, as determined under § 44-5-20.04, to determine the tax due and payable on the property.
Cite this article: FindLaw.com - Rhode Island General Laws Title 44. Taxation § 44-5-20.03. Central Falls--Property tax classification--Duties of the assessor - last updated January 01, 2024 | https://codes.findlaw.com/ri/title-44-taxation/ri-gen-laws-sect-44-5-20-03/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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