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COPYRIGHT 2005 Knight-Ridder/Tribune Business News
By Bruce Landis, The Providence Journal, R.I. Knight Ridder/Tribune Business News
Feb. 28--Some homeowners are paying more than four times as much as others in property tax on homes of the same value depending on what city or town they live in, according to a new study by the Rhode Island Public Expenditures Council.
Commercial property is taxed at least as unequally, the study found, with owners in Providence paying more than four times as much in tax as some rural business property owners are paying this fiscal year for property with the same value.
RIPEC points to a combination of market forces and political pressures on municipal officials as the cause of a growing distortion of the state's municipal tax structure, and predicts it will have long-term, negative effects on individual communities and on the state as a whole.
A business-supported group that analyzes state and local financial policy, RIPEC for years has criticized Rhode Island's heavy reliance...
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