[Adopted 5-9-2022 by Ch. No. 2021[1]]
[1]
Editor's Note: This ordinance also repealed former Art. VII, Property Tax Classification, adopted 8-13-1991 by Ch. No. 983 as § 13-9 of the 1991 Code (as amended through Ch. No. 1353).
Pursuant to RIGL § 44-5-11.8, the Town may adopt a tax classification plan, by ordinance.
A. 
The Town hereby provides for a system of classification of taxable property in conformity with the provisions set forth in RIGL § 44-5-11.8.
B. 
The classes of property shall be as follows:
(1) 
Class 1: All ratable, real estate.
(2) 
Class 2: All ratable, tangible personal property.
(3) 
Class 3: Motor vehicle and trailers subject to the excise tax.