AN ACT RELATING TO TOWNS AND CITIES -- PROPERTY TAX/RENT FREEZE BILL

Summary

The bill prevents any Rhode Island city or town that adopts a rent‑control ordinance from increasing property tax rates or reassessing the value of the rental properties covered by that ordinance. The tax freeze applies only while the rent‑control rule remains in effect and affects owners, managers and landlords of apartments, houses, condos, manufactured homes and other rental units. It is intended to offset the financial impact of rent limits on property owners.

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