Rhode Island General Laws 45-59-16. Limit on assessments
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The total of the special tax assessments levied on the ratable real property within the management district will not exceed ten percent (10%) of the total of the real property taxes levied on the ratable real property within the management district, not exempt from taxation by law, for the fiscal year of the municipality that ends within or with the fiscal year of the district management authority.
History of Section.
P.L. 2001, ch. 205, § 1; P.L. 2001, ch. 373, § 1.
Terms Used In Rhode Island General Laws 45-59-16
- District management authority: means a district management authority established pursuant to the provisions of this chapter. See Rhode Island General Laws 45-59-3
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
- Fiscal year: means the fiscal year of the municipality within which the management district is located; "first fiscal year" means the first full fiscal year after the fiscal year during which the management district is created; subsequent fiscal years are referred to in like manner. See Rhode Island General Laws 45-59-3
- Management district: means a management district established pursuant to the provisions of this chapter and, as the context may require, includes any subdistrict within the management district. See Rhode Island General Laws 45-59-3
- Municipality: means a city or town of the state of Rhode Island having a population according to the most recent federal census of not less than one hundred thousand (100,000); however, notwithstanding the population requirement, the cities of Newport and Pawtucket shall be considered municipalities for purposes of this chapter. See Rhode Island General Laws 45-59-3
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
- Real property: means land and buildings or structures located on the land but does not include lines, mains, poles, easements and rights-of-way owned by public utilities. See Rhode Island General Laws 45-59-3