RI H7661

Portsmouth town council gains authority to adopt, repeal, or modify a tax classification plan by ordinance for taxes assessed on or after December 31, 2026

The tax classification plan allows municipalities to set different tax rates for property classes including residential (Class 1), commercial/industrial (Class 2), tangible personal property (Class 3), and motor vehicles (Class 4)

Portsmouth joins other Rhode Island municipalities including East Greenwich, Bristol, Middletown, and New Shoreham that have received similar town-specific tax classification authority

The town may divide residential property into owner-occupied and non-owner-occupied categories with separate tax rates, subject to existing rate restrictions

Takes effect upon passage