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. Under the new rules, the town assessor will group properties into three categories, including single-family homes and small businesses, and adjust tax rates to ensure each group pays its assigned share of the total tax amount. The law applies retroactively starting December 31, 2025, allowing the town to implement this new tax structure for that period and beyond.