Upon adoption of a system of classification of taxable property by the city of Warwick, all ratable property in the city of Warwick shall be classified by the assessor as follows: (1) Class 1: residential real estate consisting of no more than five (5) dwelling units, land classified as open space, and dwellings on leased land including mobile homes. (2) Class 2: commercial and industrial real estate, residential properties containing partial commercial or business uses and residential real estate of more than five (5) dwelling units. (3) Class 3: all ratable tangible personal property. (4) Class 4: motor vehicles and trailers subject to the excise tax created by chapter 34 of this title. History of Section.P.L. 1997, ch. 17, § 1.
Rhode Island Legal Code