§ 44-5-13.38 - Assessment and taxation of new real estate construction in the town of Exeter.
SECTION 44-5-13.38
§ 44-5-13.38 Assessment and taxation ofnew real estate construction in the town of Exeter. – (a) Completed new construction of real estate in the town of Exeter completedafter any assessment date is liable for the payment of municipal taxes from thedate the certificate of occupancy is issued or the date on which the newconstruction is first used for the purpose for which it was constructed,whichever is earlier, prorated for the assessment year in which the newconstruction is completed. The prorated tax is computed on the basis of therate of tax applicable with respect to the property, including the applicablerate of tax in any tax district in which the property is subject to taxfollowing completion of the new construction, on the date the property becomesliable for the prorated tax in accordance with this section.
(b) The building official issuing the certificate shall,within ten (10) days after issuing the certificate, notify the assessor of theissuance of the certificate of occupancy.
(c) Not later than ninety (90) days after receipt by theassessor of the notice from the building inspector or from a determination bythe assessor that the new construction is being used for the purpose for whichit was constructed, the assessor shall determine the increment by which theassessment for the completed construction exceeds the assessment on the taxroll for the immediately preceding assessment date. The assessor shall proratethe amount from the date of issuance of the certificate of occupancy or thedate on which the new construction was first used for the purpose for which itwas constructed, as the case may be, to the assessment date immediatelyfollowing and shall add the increment as so prorated to the tax roll for theimmediately preceding assessment date and shall, within five (5) days, notifythe record owner as appearing on the tax roll and tax collector of theadditional assessment.
(d) Any person claiming to be aggrieved by the action of theassessor under this section may appeal to the assessment board of review withinsixty (60) days from notification of the additional assessment or to superiorcourt as provided.
(e) Upon receipt of the notice from the assessor, the taxcollector shall, if the notice is received after the normal billing date,within ten (10) days thereafter mail or hand a bill to the owner based upon anamount prorated by the assessor. The tax is due and payable and collectible asother municipal taxes and shall be subject to the same liens and processes ofcollection; provided, that the tax is due and payable in an initial or singleinstallment due and payable not sooner than fifteen (15) days after the datethe bill is mailed or handed to the owner, and in any remaining, regularinstallments as they are due and payable, and the several installments of a taxdue and payable shall be equal.
(f) Nothing in this section shall be deemed to authorize thecollection of taxes twice with respect to the land upon which the newconstruction is located.
(g) This section applies only to taxes levied and properlyassessed in the town of Exeter.