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-40-00-1.3 - PROCEDURES

Universal Citation: 280 RI Code of Rules 40 00 1.3

Current through September 18, 2024

A. Procedures for Proposed Property Tax Rate Changes

1. No later than fifteen (15) business days prior to the first hearing for the purpose of adopting the town or city budget, the Chief Elected Official of each city or town shall submit to the Chief of the Division of Municipal Finance the notice of proposed property tax rate change in the form provided for in R.I. Gen. Laws § 44-35-6.

2. At the time of filing the Notice of Proposed Property Tax Rate Change, it is likely that net assessed values for the proposed property tax levy will not have been certified by the city or town assessor. In this case, assessed values shall be estimated and the following documentation shall support the Notice of Proposed Property Tax Rate Change:
a. Estimated increase (decrease) in real property value for the assessment year

b. Estimated increase (decrease) in real property tax exemptions for the assessment year.

c. Estimated increase (decrease) in personal property value for the assessment year

d. Estimated increase (decrease) in personal property exemptions for the assessment year.

e. Estimated increase (decrease) in motor vehicle excise values for the assessment year.

f. Estimated local non-property revenue.

g. Estimated state revenue to directly offset the proposed municipal budget

h. Estimated federal revenue to directly offset the proposed municipal budget.

i. All other estimated revenue (specify) to directly offset the proposed municipal budget

j. Percentage of current year property tax collections for the three most recent years (specify which years).

3. Within five (5) business days of receipt of the Notice of Proposed Property Tax Rate Change and required documentation, the Office of Municipal Finance will advise the Chief Elected Official whether the notice complies with state statutory standards for tax rate change notification.

B. Procedures for Proposal to Amend Town or City Budgets

C. Within five (5) business days of the receipt of the Notice of Proposal to Amend (Town or City) Budget, the Office of Municipal Finance will notify the Chief Elected Official whether it agrees with the methods upon which the notice was computed. The Chief Elected Official shall arrange for the above Notice of Proposal to Amend the Town or City Budgets to be published in a newspaper of general circulation at least ten (10) calendar days prior to formal action taken by a town or city to amend its adopted budget as prescribed by R.I. Gen. Laws § 44-35-8.

D. Procedures for Publication of Town and City Budget Summaries

1. At least ten (10) calendar days prior to the financial town meeting or, for towns and cities without town meetings, the first hearing on the budget for the purpose of adopting the budget, the chief elected official in each town and city shall cause to be published a budget summary in a newspaper of general circulation in the town or city. The budget summary shall set out proposed expenditures by department or function and receipts by source for the proposed budget year, and comparisons of these with estimated expenditures and receipts for the current budget year. The published budget summary shall be in the form prescribed by R.I. Gen. Laws § 44-35-7.

E. In complying with any of the publication requirements set forth in R.I. Gen. Laws Chapter 44-35, the Chief Elected Official shall not modify any publication format which is prescribed, however, he/she may expand said format to provide additional documentation or explanation.

Disclaimer: These regulations may not be the most recent version. Rhode Island may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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