§ 44-5-76.1 - Newport – Property tax classification – List of ratable property.
SECTION 44-5-76.1
§ 44-5-76.1 Newport – Property taxclassification – List of ratable property. – Upon adoption of a system of classification of taxable property by the city ofNewport, all ratable property in the city of Newport shall be classified by theassessor as follows:
(1) Class One: all ratable tangible personal property;
(2) Class Two: residential real estate with less than four(4) units;
(3) Class Three: all commercial and industrial real estateand residential real estate with four (4) units or more; and
(4) Class Four: motor vehicles and trailers subject to theexcise tax created by chapter 34 of this title.