AN ACT RELATING TO TAXATION -- LEVY AND ASSESSMENT OF LOCAL TAXES

This bill changes Pawtucket's property tax system by creating new classifications for residential properties. It expands Class 1 to include buildings with up to six dwelling units if at least one is owner-occupied (previously five units), and establishes Class 5 for buildings with five or fewer units where no units are owner-occupied. The bill also limits Class 5 tax rates to no more than 175% of Class 1 rates. These changes directly affect Pawtucket property owners, particularly landlords of multi-unit residential buildings, by altering how their properties are taxed based on occupancy and unit count.