Property Tax in Rhode Island (2026): Rates, Exemptions, and Real Numbers

Rhode Island Property Tax Rates by County

Highest and lowest effective rates within Rhode Island

Property Tax Calculator — Rhode Island

Pre-loaded with Rhode Island's 1.30% effective rate and $462,600 median price

Property Tax by City in Rhode Island

Annual and monthly property tax by city, based on local median prices and the statewide effective rate

Rhode Island Homestead Exemption

How Rhode Island Assesses Property Values

Assessment cycle: Annual assessment in most municipalities. Some smaller towns reassess every 3–5 years. Properties assessed at 100% of full market value.

Property Tax's Impact on Your True Monthly Cost

On a $462,600 home in Rhode Island

Property tax represents 13% of the true monthly cost in Rhode Island.

Mortgage Calculator Including Property Tax — Rhode Island

See your full PITI (principal, interest, taxes, insurance) payment

How Rhode Island's Property Tax Affects Affordability

$501/month in property tax reduces the home price you can afford. Use the affordability calculator to see the real impact.

Property Tax After Refinancing in Rhode Island

Refinancing changes your P&I but not your property tax. If your home was reassessed at a higher value, your tax bill increases regardless of your rate.

Frequently Asked Questions

What is the property tax rate in Rhode Island?

Rhode Island's effective property tax rate is 1.30%, ranking #15 nationally. The median annual property tax bill is $6,014 ($501/month). Rates range from 0.98% in Washington County to 1.47% in Providence County. Source: Tax Foundation Property Taxes by State 2024.

Does Rhode Island have a homestead exemption?

Yes — Rhode Island offers a homestead exemption for primary residences. Homestead Exemption available in most municipalities — typically 20%–30% reduction in assessed value for owner-occupied primary residences. Providence offers a $3,000 reduction. No uniform state homestead exemption — each municipality sets its own. Elderly Tax Freeze available for seniors 65+ with qualifying income in most cities.. Apply through your county assessor's office after purchasing your home.

How often is property reassessed in Rhode Island?

Rhode Island reassesses property on a annual assessment in most municipalities. some smaller towns reassess every 3–5 years. properties assessed at 100% of full market value. basis. When your property is reassessed, your tax bill changes based on the new assessed value multiplied by the applicable rate. If you believe your assessment is too high, you can appeal — most counties allow 30-90 days after receiving your assessment notice.

How is property tax calculated in Rhode Island?

Property tax = Assessed Value × Mill Rate (or effective rate). In Rhode Island, the effective rate is 1.30% of market value. On a $462,600 home: $462,600 × 1.30% = $6,014/year. Assessments may use a fraction of market value — the effective rate accounts for this.

Can I appeal my property tax assessment in Rhode Island?

Yes. If your assessed value is higher than comparable sales in your area, you can file an appeal with your county assessment board. Steps: (1) Get your assessment notice, (2) Research comparable recent sales, (3) File an appeal by the deadline (typically 30-90 days from assessment notice). Studies show 20-40% of appeals result in a reduction. The process is free and you represent yourself — no attorney required.

Are property taxes included in my mortgage payment in Rhode Island?

Most lenders require an escrow account that collects $501/month ($6,014/year ÷ 12) along with your mortgage payment, then pays the county on your behalf. If your loan-to-value is below 80%, you may be able to opt out of escrow and pay taxes directly. Note: if your assessed value rises, your escrow payment adjusts and your total monthly cost increases.

What Rhode Island counties have the highest and lowest property taxes?

Rhode Island's highest effective rate is in Providence County at 1.47%. The lowest is Washington County at 0.98%. That's a 0.49% spread — on a $462,600 home, the difference is $2,267/year.