§ 44-5-67.2 - Warwick – Property tax classification – Duties of assessor.
SECTION 44-5-67.2
§ 44-5-67.2 Warwick – Property taxclassification – Duties of assessor. – The assessor of the city of Warwick, on or before June 15 of each year, shallmake a full and fair cash valuation of all the estate, real and personal,including motor vehicles and trailers, subject to taxation, and determine theassessed valuation of each property class. The assessor has the authority toapply different rates of taxation to each class and to determine the tax dueand payable on the property; provided, that the rates are pursuant to an annualtax resolution approved in the same manner as is provided for budget approvalin the city charter; provided, further, that the rate of taxation is uniformwithin each class; and provided, further, that for each year, Class 1 propertytax rates shall not be less than seventy-five percent (75%) of class two (2)property tax rates.