[Adopted 6-20-2002, effective 7-16-2002 (Ch. II, § 8,
2-08-10, of the 1991 Code)]
R.I.G.L. § 44-5-11.8 authorizes towns
to adopt a tax classification plan by ordinance; and the Town Council
desires to adopt a tax classification plan in accordance with R.I.G.L.
§ 44-5-11.8.
All ratable property in the Town of Glocester
shall be classified by the Assessor as follows:
A. Class 1: Residential real estate consisting of no
more than five dwelling units, land classified as open space, and
dwellings on leased land, including mobile homes.
B. Class 2: Commercial and industrial real estate, residential
properties containing partial commercial or business uses and residential
real estate of more than five dwelling units.
C. Class 3: All ratable tangible personal property.
D. Class 4: Motor vehicles and trailers subject to the
excise tax created by Chapter 34 of Title 44 of the General Laws.
A. The tax rates applicable to wholesale and retail inventory
within Class 3 shall be governed by R.I.G.L. § 44-3-29.1.
The tax rates applicable to motor vehicles within Class 4 shall be
governed by R.I.G.L. § 44-34.1-1.
B. The Assessor shall, on or about June 1 of each year,
make a full and fair cash valuation of all ratable property and determine
the assessed valuation of each property class. The Assessor shall
apply a rate of taxation against Class 3 property, as approved by
the Town Council, which differs from the rate of taxation applied
against property in Classes 1 and 2.
C. The tax rate applied against Class 3 property assessed
as of December 31, 2001, shall be $27 per thousand, and said rate
shall thereafter be set annually in accordance with R.I.G.L. § 44-5-11.8
and this article.
This article shall take effect upon passage
by the Town Council and shall be applicable to taxes assessed as of
December 31, 2001, and to each December 31st thereafter.