RI H7298

Authorizes the Town of Tiverton assessor to apply different tax rates to five classes of property, provided rates remain uniform within each class

Class 1 includes residential properties with 5 or fewer dwelling units, open space land, and dwellings on leased land; permits either a homestead exemption or separate rates for owner-occupied vs. non-owner-occupied properties

Class 2 covers commercial and industrial real estate, mixed-use residential properties, and residential properties with more than 5 dwelling units

Class 3 applies to tangible personal property; Class 4 covers motor vehicles and trailers; Class 5 covers mobile homes on leased land taxed at the state rate

Takes effect immediately upon passage