The text
(a)
List of ratable property. In accordance with G.L. § 44-5-67.1, all ratable property in the City of Warwick shall be classified by the assessor as follows:
(1)
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.
(2)
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.
(3)
Class 3: All ratable tangible personal property.
(4)
Class 4: Motor vehicles and trailers subject to the excise tax created by G.L., title 44, ch. 34.
(b)
Property tax classification. In accordance with G.L. § 44-5-67.2:
(1)
The assessor of the City of Warwick, on or before June 15 of each year, shall make a full and fair cash valuation of all the estate, real and personal, including motor vehicles and trailers, subject to taxation, and determine the assessed valuation of each property class.
(2)
The assessor has the authority to apply different rates of taxation to each class and to determine the tax due and payable on the property; provided, that the rates are pursuant to an annual tax resolution approved in the same manner as is provided for budget approval in the city charter; provided, further, that the rate of taxation is uniform within each class.
(c)
Ratio. For each tax year, Class 2 property rates shall not exceed a multiple of two times the rates of Class 1 property.
(d)
Notwithstanding any provision to the contrary, all real property subject to taxation shall be assessed at its full and fair cash value as provided for in G.L. § 44-5-12, and the tax roll shall be certified as provided in G.L. § 44-5-22.
(Ord. No. O-04-12, § I, 6-3-04; Ord. No. O-07-4, § I, 4-24-07; Ord. No. O-25-10, § I, 6-17-25)
Cross reference— Taxation, ch. 74.