Northgate Associates v. Shorey

OPINION

KELLEHER, Justice.

On December 31, 1978, Northgate Associates (Northgate) owned an apartment complex, located in the town of Middle-town, that had an assessed value of $1,169,-050. Sometime after the advent of 1979 the municipality embarked on a general reevaluation of all its ratable property. As a consequence, on December 31, 1979, Northgate’s complex had an assessed value of $4,284,850. When Northgate received notice of this assessment, it filed suit in early December 1980 in the Superior Court for Newport County pursuant to the provisions of G.L. 1956 (1980 Reenactment) §§ 44-5-26…