Understanding Rhode Island Property Taxes
Overview of Rhode Island Taxes
Rhode Island collects a total of $11,239,853,000 in revenue every year. Of that, $2,543,029,000 comes from property taxes, or 22.6% of total revenue. As a result, Rhode Island has the 11th highest property tax rate in the country, which is 38.8% more than the national average of 1.06%. Generally speaking, states where property taxes make up a higher percentage of total state revenue have higher property tax rates, and states where property taxes make up a smaller percentage of state revenue have lower property tax rates.
How does this translate to what homeowners actually pay? The average home value across Rhode Island is $292,262, meaning the average Rhode Island homeowner pays 1.48% of their home value every year in property taxes, or $14.78 for every $1,000 in home value.
Property Tax Calendar
Rhode Island's property tax system is governed by state statute, which means that despite significant variation in what homeowners in different parts of Rhode Island, there are important constants. Rhode Island's assessment date, which is both the point in time when the owner of a property is liable for property tax and the point in time at the property's value is determined, is December 31. Rhode Island property tax appeals, which allow homeowners to contest the assessment, varies by locality. The date which property tax bills become due on is Varies.
Property Tax Calculator
If you are are a current homeowner in Rhode Island or are looking at buying a specific property in Rhode Island, check out our Rhode Island Property Tax Calculator to determine if you should consider appealing your property tax assessment.
Property Tax Tool
If you are planning to buy a home in Rhode Island and want to understand the size of your property tax bill, check out our Rhode Island Property Tax Tool to see what your bill would be.
Property Tax Information for Rhode Island Counties
The table below will help provide more information about how property taxes work in each county in Rhode Island.
|County||Average Home Value||Average Tax Bill||Bill per $1,000|
Want to learn more about Rhode Island property taxes? Check out out our county-specific property tax pages linked below:
|Bristol County||Kent County||Newport County|
|Providence County||Washington County|