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SB 3315

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

2026 Regular Session Introduced by Pete Appollonio and 7 co-sponsors

Allows Coventry to apportion and collect property taxes by class (residential, commercial/industrial, personal property) with annual levy shares set by council.

06/26/2026 Effective without Governor's signature
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WeVote Research Nonpartisan
Bill Summary · SB 3315

Summary of Bill: SB 3315 (2026) – Coventry Property Tax Classification, Levy Determination, and Valuation

Purpose and Intent

  • Authorizes the town of Coventry to apportion and levy property taxes proportionately between different property classes (residential vs. commercial/industrial) for local taxes.
  • Enables Coventry to determine and apply tax rates so that each class pays a specified portion of the total tax levy.
  • Applies retroactively to December 31, 2025.

Key Provisions

  • Section 44-5-20.30 — Coventry property tax classification, levy determination, and valuation

    • The Coventry assessor must, by June 1 each year, perform full and fair cash valuations for each property class and determine the percentage of the tax levy to be apportioned to each class.
    • The assessor must apply tax rates that produce the proportion of the total levy allocated to each class, regardless of prior statutory constraints that might otherwise limit such apportionment.
    • Property classes defined:
    • Class 1: Residential real estate (no more than five dwelling units), land classified as open space, and dwellings on leased land (including mobile homes).
    • Class 2: Commercial and industrial real estate; residential properties with partial commercial/business uses; residential real estate with more than five dwelling units.
    • Class 3: All ratable tangible personal property (excluding motor vehicles and trailers), subject to applicable valuation requirements.

  • Section 44-5-20.31 — Coventry property tax classification — Tax levy determination

    • The assessor must provide the Coventry Town Council with the full and fair valuation by class.
    • With the Town Council’s approval, determine annually the percentage of the tax levy to be apportioned to each class.
    • Annually apply tax rates sufficient to produce the proportion of the total levy for each class.

  • Section 2 — Effective date

    • The act takes effect retroactively to December 31, 2025.

Who Is Affected

  • Coventry Town government, including:
    • Assessor (responsible for valuations and levy apportionment by class)
    • Town Council (approves the annual class-based levy percentages)
  • Property owners in Coventry, including:
    • Residential property owners (Class 1)
    • Commercial/industrial property owners and high-density residential properties (Class 2)
    • Owners of tangible personal property (Class 3) subject to assessment
  • The mechanism potentially alters how tax burdens are distributed between residential and non-residential property classes within Coventry.

Procedural and Timeline Aspects

  • Annual process:
    • By June 1: Assessor conducts full and fair valuations by class.
    • Following valuation: Assessor provides a class-based levy percentage schedule to the Town Council; with Council approval, levy percentages are set.
    • Tax rates are applied to achieve the approved class-specific share of the total levy.
  • Retroactive effect: Changes apply as of December 31, 2025, aligning with the act’s retroactive effective date.

Potential Impacts and Considerations

  • Residential vs. commercial tax burden: Enables Coventry to shift or balance the levy burden more precisely across classes, potentially affecting tax bills for homeowners, business properties, and personal property.
  • Fiscal impact on Coventry’s budget: The act provides a framework to align levy portions with council-approved policy, potentially improving revenue stability or economic development considerations.
  • Compliance and administration: Requires detailed annual valuation by class and council coordination, increasing the complexity of tax administration in Coventry.

Note

  • The bill is limited in scope to the town of Coventry and does not alter state-wide tax law beyond this municipality.

Compiled from official sources — confirm details with the bill’s official record.

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