R.I. Gen. Laws § 44-5-11.14 — Commercial/residential real estate classification — Narragansett

Notwithstanding any provisions of § 44-5-11.8 to the contrary, the town of Narragansett may adopt a separate tax classification
for owner occupied mixed use combination commercial and residential properties with
five (5) units or less provided that the total commercial portion of the structure
cannot occupy more than fifty percent (50%) of the entire square foot size of the
structure itself. The tax assessor shall be required to allocate the percentage share
of the full and fair market value of the property devoted to residential real estate
use. This portion of the property shall be subject to the same tax rate as property
defined in class 1 by § 44-5-11.8(b)(1)(i), while the remaining percentage of the property shall be subject to the tax rate
as property defined as class 2 by § 44-5-11.8(b)(2).