Rhode Island Code of Regulations
Title 280 - Department of Revenue
Chapter 40 - Division of Municipal Finance
Subchapter 00 - N/A
Part 1 - Standards and Procedures for Property Tax and Fiscal Disclosure for Rhode Island Cities and Towns (280-RICR-40-00-1)
Section 280-RICR-40-00-1.2 - DEFINITIONS

1. "Adjusted Current Property Tax Rate" means the estimated property tax rate that would be necessary in the next fiscal year to raise the maximum levy authorized by R.I. Gen. Laws § 44-5-2.

2. "Chief Elected Official" means the person in the respective municipality who holds the highest elected municipal office

3. "Division" means the Division of Municipal Finance

4. "First Hearing for the Purpose of Adopting the Town or City Budget" means that hearing which presents a citizen with the last opportunity to have a recommendation for change in the proposed budget implemented. For communities, which hold a financial town meeting, the first hearing for the purpose of adopting the budget would be the financial town meeting. Where home rule charters require either one or a series of budget adoption hearings, first hearing would be the first in the series. First hearing does not apply to hearings required on proposed budgets by budget commissions, mayor, manager, city or town councils, or any other local authority. In these cases, current procedures prescribed by other state law, home rule charters or local ordinances would be followed with no additional requirements from this Act or Procedures during the process.

5. "Net Assessed Values" means the total values of real property, personal property and motor vehicles excise value, less personal property exemption.

6. "Official" means the chief executive officer who is primarily responsible for the conduct of the municipality's governmental affairs such as a mayor, administrator, first warden, or town council president.

7. "Proposed Property Tax Levy" means the estimated revenue which is to be derived from the assessed values of real property, personal property and motor vehicle excise values, for support of the proposed municipal budget. Estimated revenue shall include adjustments for the municipality's historical rate of tax collections.

8. "Proposed Property Tax Rate" means the estimated property tax rate that is proposed by a town or city to support its operating budget for the town or city's next fiscal year. The proposed property tax rate represents the city or town's best estimate of the actual tax rate that property owners would pay.