1. (1) “Administrator” means the tax administrator within the department of revenue.
2. (2) “Assessed value” means the assessed value of the real estate as of December 31 of the corresponding taxable year in accordance with § 44-5-12.
3. (3) “Non-owner occupied” means that the residential property does not serve as the owner’s primary residence and is not occupied by the owner of the property for a majority of days during a given taxable year.
4. (4) “Non-owner occupied tax” means the assessment imposed upon the non-owner occupied residential property assessed at one million dollars ($1,000,000) or more pursuant to this chapter and as adjusted pursuant to § 44-72-6.
5. (5) “Person” means any individual, corporation, company, association, partnership, joint stock association, and the legal successor thereof or any other entity or group organization against which a tax may be assessed.
6. (6) “Taxable year” means July 1 through June 30.

The following words and phrases as used in this chapter have the following meanings:

History of Section.
P.L. 2025, ch. 278, art. 5, § 18, effective June 29, 2025.