§ 44-5-20.20 - North Smithfield – Property tax classification – Duties of assessor.
SECTION 44-5-20.20
§ 44-5-20.20 North Smithfield –Property tax classification – Duties of assessor. – (a) The assessor of the town of North Smithfield, on or before June 1 eachyear, shall make a full and fair cash valuation of all the estate, real andpersonal, and motor vehicles subject to taxation, herein, and determine theassessed valuation of each property class.
(b) The assessor shall apply different rates of taxation toeach property class as set forth in § 44-5-20.19 to determine the tax dueand payable on the property; provided, however, the rate for each class shallbe uniform within each class; and for each year, Class 2 property rates shallnot be more than one hundred fifty percent (150%) of Class 1 property taxrates, and Class 3 property rates shall not be more than two hundredtwenty-five percent (225%) of the maximum allowable Class 2 property rates.