Bill
Bill > H7448
RI H7448
RI H7448Places a cap of twenty percent (20%) on increases in consecutive revaluations of real property in all cities and towns conducting revaluations commencing December 31, 2026, and every December 31 thereafter.
summary
Introduced
01/30/2026
01/30/2026
In Committee
01/30/2026
01/30/2026
Crossed Over
Passed
Dead
Introduced Session
2026 Regular Session
Bill Summary
This act would place a cap of twenty percent (20%) on increases in consecutive revaluations of real property in all cities and towns conducting revaluations commencing December 31, 2026, and every December 31 thereafter. This act would take effect upon passage.
AI Summary
This bill establishes a cap of twenty percent (20%) on how much the assessed value of real property can increase during consecutive revaluations, which are official assessments of property values for tax purposes. This limitation will apply to all cities and towns in Rhode Island that conduct revaluations starting on December 31, 2026, and on every December 31 thereafter. The bill aims to prevent sudden, significant jumps in property taxes that can result from revaluations.
Committee Categories
Housing and Urban Affairs
Sponsors (10)
Ramon Perez (D)*,
Samuel Azzinaro (D),
David Bennett (D),
Doc Corvese (D),
Cherie Cruz (D),
Richard Fascia (R),
Deb Fellela (D),
Raymond Hull (D),
Enrique Sanchez (D),
Pat Serpa (D),
Last Action
Committee recommended measure be held for further study (on 02/26/2026)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://status.rilegislature.gov/ |
| BillText | https://webserver.rilegislature.gov/BillText26/HouseText26/H7448.pdf |
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