185. A municipality shall cause its assessor to prepare, for each municipal fiscal period, the roll of rental values of each municipal corporation in which it has jurisdiction under Chapter II, if the municipal corporation adopts a resolution to that effect not later than 31 March before the beginning of the fiscal period.
The resolution must specify whether the roll of rental values is to be used both for the purposes of the business tax and for the purposes of another tax, a compensation or a tariff. If the resolution does not so specify, the roll of rental values is deemed intended to be used only for the purposes of the business tax.
The clerk of the municipal corporation shall forward the resolution to the clerk of the municipality, where applicable.
The resolution shall be sent to the assessor within fifteen days after being adopted or received by the municipality, as the case may be.
The municipality may cause the roll of rental values to be prepared even if the resolution was adopted or sent after the end of the time allowed.
The resolution remains effective for the preparation of rolls of rental values for the fiscal periods subsequent to the fiscal period contemplated in the first paragraph until it is repealed by a resolution adopted not later than 31 March before the beginning of the fiscal period for which the preparation of a roll of rental values of the same kind is no longer required. The third and fourth paragraphs apply to the resolution for repeal.
A municipality subject to the three-year roll system in respect of a municipal corporation that has adopted the resolution shall cause the roll of rental values of the municipal corporation to be prepared every three years for three consecutive municipal fiscal years. The fiscal years for which the three-year roll of rental values of a municipal corporation is made are the same as those for which its three-year real estate assessment roll is made. The date mentioned in the first and sixth paragraphs is a date occurring in the fiscal year preceding the first of the fiscal years for which the roll of rental values shall be made or cease to apply, as the case may be.
1979, c. 72, s. 185; 1982, c. 63, s. 210; 1988, c. 76, s. 55.