R.I. Gen. Laws § 44-5-76.3 — Newport — Property tax classification — Procedure for adopting

The assessor shall provide to the finance director a list containing the full and
fair cash valuation of each property class and with the approval of the city council,
annually determine the percentages of the tax levy to be apportioned each class of
property and shall annually tax rates sufficient to produce the proportion of the
total tax levy.