City of Pawtucket, RI Article XVIII Property Tax Classification

[Approved 5-30-2000 by Ch. No. 2561; amended in its entirety 5-22-2001 by Ch. No. 2603]

§ 363-66 List of ratable property.

A. A system of classification of taxable property is hereby adopted by the City of Pawtucket in which all ratable property in the City of Pawtucket shall be classified by the Assessor as follows:

(1) Class 1: all residential real estate which consists of not more than five dwelling units and all residential real estate that consists of six dwelling units in which at least one unit is owner-occupied. Class 1 includes all mobile/manufactured homes.

(2) Class 2: all commercial and industrial real estate and all residential real estate which consists of six dwelling units in which no units are owner-occupied and all residential real estate which consists of more than six dwelling units.

(3) Class 3: all ratable tangible personal property.

(4) Class 4: all motor vehicles and trailers subject to the excise tax created by Chapter 34 of Title 44 of the General Laws of Rhode Island.

B. Where real property is used or held for more than one purpose and the uses result in different classifications, the Assessor shall allocate to each classification the percentage of true and fair cash value to the property devoted to each use.

§ 363-67 Duties of Assessor and Finance Director.

[Amended 5-28-2003 by Ch. No. 2683]

A. The Assessor of the City of Pawtucket, on or before June 15 of each year, 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.

B. The Finance Director shall have the authority to apply different rates of taxation to each property class and to determine the tax due and payable on the property; provided however, that such rates of taxation shall be uniform within each class; and provided further that for each year, Class 2 property rates shall not be more than 175% of Class 1 property tax rates.

[Amended 6-8-2006 by Ch. No. 2809]

§ 363-68 Tax levy determination.

The assessor shall provide to the Finance Director and the City Council a list containing the full and fair cash valuation of each property class. The Finance Director shall, with the approval of the City Council, annually determine the percentages of the tax levy to be apportioned each class of property and shall annually apply tax rates sufficient to produce the proportion of the total tax levy.

§ 363-69 Compliance with state law.

A. All property in Class 3, which is classified as inventory, shall be taxed in accordance with § 44-3-29.1 of the General Laws of Rhode Island regarding the phasing out of taxes on said property.

B. All property in Class 4 shall be taxed in accordance with Chapter 34.1 of Title 44 of the General Laws of Rhode Island regarding the phasing out of taxes on said property.