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

This bill authorizes the town of Coventry to split its property tax bill between residential and commercial properties based on a specific percentage set by the town council. It requires the town assessor to calculate the total tax amount and then apply different rates to each property type - such as single-family homes versus businesses - to ensure the correct share of the tax is collected from each. The law applies retroactively starting December 31, 2025, allowing the town to adjust how taxes are levied for that period and going forward.