West Greenwich, Rhode Island Property Taxes
The median property tax rate in West Greenwich, RI is 2.45%, considerably higher than both the national median of 0.99% and the Rhode Island state median of 1.48%. With a median home value of $322,750 in West Greenwich, the typical annual property tax bill reaches $7,910, exceeding the national median of $2,690. Property taxes in West Greenwich are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding West Greenwich's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of West Greenwich or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
West Greenwich, Rhode Island Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.45%
Estimate Property Tax Bill
$7,907
Ownwell’s West Greenwich Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in West Greenwich using just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in West Greenwich to provide an estimate of your property tax bill. This valuable tool helps you grasp potential tax liabilities with ease. For those interested in more localized trends, you can find detailed neighborhood-level information by scrolling down. Your property’s assessed value, as determined by Kent County, plays a crucial role in these calculations and includes any applicable exemptions.
Property Tax Rates Across West Greenwich, Rhode Island
Property taxes in West Greenwich, Rhode Island, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in West Greenwich is 2.45%, significantly higher than the U.S. national median of 0.99%. Local government entities within West Greenwich set these rates annually, and they can vary significantly across different neighborhoods. Each year, West Greenwich estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares West Greenwich's effective property tax rate to other areas and the national median. For comparison, the 02817 zip code has the highest median property tax rate of 2.45%, while the same zip code also has the lowest median tax rate of 2.45%. Understanding how these rates compare with West Greenwich provides valuable insights into the varying tax landscape across Kent County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average West Greenwich Tax Rate
2.45%
Average Kent County Tax Rate
1.42%
Average Rhode Island Tax Rate
1.48%
Average United States Tax Rate
0.99%
Property Tax Rates Across West Greenwich, Rhode Island
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02817 | 2.45% | 2.45% | 2.45% | 2.45% | 2.45% |
Source: Ownwell
Property Tax Assessment Values Across West Greenwich, Rhode Island
In West Greenwich, Rhode Island, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Kent County Appraisal District for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In West Greenwich, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. The highest median tax bill in West Greenwich is $7,910, while the lowest is also $7,910, both in the 02817 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across West Greenwich, Rhode Island
Source: Ownwell
$217,800
$393,700
$569,600
Average West Greenwich Assessed Value
$322,750
Average Kent County Assessed Value
$303,600
Average Rhode Island Assessed Value
$326,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across West Greenwich, Rhode Island
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02817 | $185,350 | $245,600 | $322,750 | $385,875 | $444,500 |
Source: Ownwell
Property Tax Bills Across West Greenwich, Rhode Island
Property tax bills in West Greenwich, Kent County, RI, are calculated based on the assessed value of a property and the local tax rate. The assessed value is typically a percentage of the property's market value, determined by local assessors. Homeowners in West Greenwich face a median property tax bill of $7,910, which is significantly higher than the national median property tax rate of 0.99%. Factors such as property size, location, and improvements play a crucial role in determining the assessed value. For instance, homes in the 25th percentile of tax bills pay around $6,017, while those in the 75th percentile pay approximately $9,454. The highest tax bills, falling in the 90th percentile, can reach up to $10,868. These figures highlight the variability in tax burdens depending on property characteristics. High property taxes can impact homeowners by increasing their overall housing costs, which in turn can influence decisions on property investments and home improvements.
Average West Greenwich Tax Bill
$7,910
Average Kent County Tax Bill
$4,657
Average Rhode Island Tax Bill
$4,920
Average United States Tax Bill
$2,690
Property Tax Bills Across West Greenwich, Rhode Island
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02817 | $4,543 | $6,017 | $7,910 | $9,454 | $10,868 |
Source: Ownwell