Johnston, Rhode Island Property Taxes
The median property tax rate in Johnston, RI is 2.32%, considerably higher than both the national median of 0.99% and the Rhode Island state median of 1.48%. With the median home value in Johnston at $215,400, the typical annual property tax bill reaches $5,001, exceeding the national median of $2,690. Property taxes in Johnston 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 Johnston'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 Johnston 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
Johnston, Rhode Island Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.32%
Estimate Property Tax Bill
$4,997
Ownwell’s Johnston Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Johnston with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Johnston to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Johnston, Rhode Island
Property taxes in Johnston, Rhode Island, are crucial for funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Johnston is 2.32%, significantly higher than the U.S. national median of 0.99%. Local government entities within Johnston set these rates annually, and they can vary significantly across different neighborhoods. Each year, Johnston 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. Understanding how these rates are determined helps homeowners gain a clearer picture of their property tax obligations relative to neighboring areas. For comparison, Johnston's effective property tax rate is consistent across the city, with the highest and lowest median property tax rates both at 2.32%. This uniformity provides valuable insights into the tax landscape across Providence County, helping homeowners understand their property tax obligations relative to other areas within the county.
Average Johnston Tax Rate
2.32%
Average Providence County Tax Rate
1.71%
Average Rhode Island Tax Rate
1.48%
Average United States Tax Rate
0.99%
Property Tax Rates Across Johnston, Rhode Island
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02919 | 2.32% | 2.32% | 2.32% | 2.32% | 2.32% |
Source: Ownwell
Property Tax Assessment Values Across Johnston, Rhode Island
In Johnston, 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 Providence 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 Johnston, 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. For instance, the median home price in Johnston is $215,400, and the annual tax bills range from $4,241 at the 25th percentile to $6,049 at the 75th percentile, with the highest median tax bill at $5,001 in zip code 02919. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Johnston helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Johnston Assessed Value
$215,400
Average Providence County Assessed Value
$293,200
Average Rhode Island Assessed Value
$326,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Johnston, Rhode Island
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02919 | $148,500 | $182,500 | $215,400 | $260,900 | $318,500 |
Source: Ownwell
Property Tax Bills Across Johnston, Rhode Island
In Johnston, RI, property tax bills are calculated based on the assessed value of a property, which is determined by the local tax assessor. The assessed value is typically a percentage of the market value of the home. For instance, if a home has a median price of $215,400, the tax rate is applied to this assessed value to determine the annual tax bill. Factors such as property location, size, and condition can influence the assessed value. Homeowners in Johnston experience a range of property tax bills. For example, the tax bill at the 25th percentile is $4,241, while at the 75th percentile, it reaches $6,049. Even higher, the 90th percentile tax bill stands at $7,384. These figures indicate that property taxes can vary significantly within the city. Compared to the national median property tax rate of 0.99%, Johnston's property tax bills are relatively high, impacting homeowners by contributing to their annual expenses and influencing decisions related to property ownership and investment.
Average Johnston Tax Bill
$5,001
Average Providence County Tax Bill
$4,934
Average Rhode Island Tax Bill
$4,920
Average United States Tax Bill
$2,690
Property Tax Bills Across Johnston, Rhode Island
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02919 | $3,451 | $4,241 | $5,001 | $6,049 | $7,384 |
Source: Ownwell