Per State Statute § 44-5-13.2, completed new construction of real estate in the Town of South Kingstown, including manufactured homes, dwellings, or living units on leased land completed after the assessment date of December 31st of any given year, is liable for the payment of municipal taxes from the date the Certificate of Use and Occupancy is issued, or the date on which the new construction is first used for the purpose for which it was constructed, whichever is first. The tax bill will be prorated for the assessment year in which the new construction is completed.

The Town Assessor's Office will issue a letter to the property owner explaining the incremental adjustment within 90 days of the date the Certificate of Occupancy was issued, or when the new construction is first used for the purpose for which it was constructed.