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

SB 979 amends Pawtucket's property tax classification system to reorganize how residential properties are taxed. It expands Class 1 to include residential properties with up to six dwelling units if at least one is owner-occupied (previously five units), and creates a new Class 5 for residential properties with five or fewer units where no units are owner-occupied. The bill also sets a cap limiting Class 5 tax rates to no more than 175% of Class 1 rates. This directly affects Pawtucket residential property owners, particularly those managing multi-unit rentals or mobile homes.