What exemptions are available in Rhode Island?

Rhode Island has an effective property tax rate of 1.30%, ranking #15 highest in the nation. The median home value is $382,000, and the median annual property tax payment is $4,966.

Property taxes in Rhode Island are above the national median rate of 1.02%. Homeowners should factor this higher rate into their housing costs when budgeting or comparing to other states.

Property tax exemptions in Rhode Island

Rhode Island offers several property tax exemptions to eligible homeowners. Common exemptions include homestead exemptions for primary residences, senior citizen exemptions for residents over 65, veteran exemptions for military service members, and disability exemptions. Contact your county assessor's office for specific eligibility requirements and application deadlines.

Frequently asked questions

What is the property tax rate in Rhode Island?

Rhode Island has an effective property tax rate of 1.30%, ranking #15 highest in the nation. The median annual property tax payment is $4,966 on a $382,000 home.

How does Rhode Island property tax compare to the national average?

The national median effective property tax rate is 1.02%. Rhode Island's rate of 1.30% is above the national median of 1.02%, meaning homeowners in Rhode Island pay more relative to their home values.

Which county in Rhode Island has the highest property tax?

Providence County has the highest effective property tax rate in Rhode Island at 1.35%.

Which county in Rhode Island has the lowest property tax?

Bristol County has the lowest effective property tax rate in Rhode Island at 1.35%.

What property tax exemptions are available in Rhode Island?

Rhode Island offers several property tax exemptions including homestead exemptions for primary residences, senior citizen exemptions for residents over 65, veteran exemptions for military service members, and disability exemptions. Contact your county assessor's office for specific eligibility requirements.