§ 44-27-10. Reclassification of land withdrawn from classification — Effect on obligations and the land use change tax.
Land, previously classified as farm, forest, or open space land, which was withdrawn from that classification may be reclassified as that classification if it still meets the requirements of this chapter. This reclassification of the land commences anew the computation of the period for purposes of the land use change tax. Any unpaid lien obligated by the previous withdrawal is voided. At no time shall an obligation incurred under the provisions of this chapter exceed ten percent (10%) of the then fair market value of the land.
History of Section.P.L. 1980, ch. 252, § 2.
Structure Rhode Island General Laws
Chapter 44-27 - Taxation of Farm, Forest, and Open Space Land
Section 44-27-1. - Legislative declaration.
Section 44-27-2. - Definitions.
Section 44-27-3. - Classification of farmland or dairy farmland.
Section 44-27-4. - Classification of forest land.
Section 44-27-5. - Classification of open space land.
Section 44-27-6. - Appeals to superior court.
Section 44-27-7. - Rules and regulations.
Section 44-27-8. - Availability of current values — Duties of the department of revenue.
Section 44-27-11. - Powers of the board of assessment review or city or town council.
Section 44-27-12. - Duties of the board of assessment review or city or town council.