Coventry would divide local taxes among property classes

Coventry’s assessor would value each property class and set tax rates to produce that class’s assigned share of the total local tax levy. The classes cover homes with up to five dwelling units, open-space land, homes on leased land including mobile homes, commercial and industrial property, mixed-use homes, larger residential properties, and most taxable personal property. The assessor must follow the stated property classes and apply rates sufficient to produce the assigned share of the total levy. The rules would apply despite section 44-5-11.8. Class 3 excludes motor vehicles and trailers and remains subject to section 44-5.3-3. The town council must approve the annual levy percentages and rates. The assessor must complete the full and fair cash valuation by June 1 each year, and the act states that these rules take effect retroactively to December 31, 2025.