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

Summary

The bill requires the town assessor to value each class of property and set tax rates so the total levy is divided proportionally among those classes. It creates three classes – small residential, larger residential/commercial, and tangible personal property – and gives the town council authority to approve the allocation. This changes how tax burdens are shared between homeowners and businesses in Coventry.

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