Pawtucket, Rhode Island Property Taxes
The median property tax rate in Pawtucket, RI is 1.69%, 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 Pawtucket at $239,300, the typical annual property tax bill reaches $4,054, exceeding the national median of $2,690. Property taxes in Pawtucket are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions, such as the primary residence and agricultural exemptions. Understanding Pawtucket'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 Pawtucket 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
Pawtucket, Rhode Island Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.48%
Estimate Property Tax Bill
$2,960
Ownwell’s Pawtucket Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pawtucket with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pawtucket 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 Pawtucket, Rhode Island
Property taxes in Pawtucket, Rhode Island, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pawtucket is 1.69%, significantly higher than the U.S. national median of 0.99%. Local government entities within Pawtucket set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pawtucket 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 Pawtucket's effective property tax rate to other counties in Rhode Island and the national median. For comparison, the 02861 zip code has the highest median property tax rate of 1.69%, while the 02860 zip code has the lowest median tax rate of 1.69%. Understanding how these cities compare with Pawtucket provides valuable insights into the varying tax landscape across Providence County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Pawtucket Tax Rate
1.69%
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 Pawtucket, Rhode Island
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02860 | 1.69% | 1.69% | 1.69% | 1.69% | 1.69% |
| 02861 | 1.69% | 1.69% | 1.69% | 1.69% | 1.69% |
Source: Ownwell
Property Tax Assessment Values Across Pawtucket, Rhode Island
In Pawtucket, 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 Assessor 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 Pawtucket, 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. Being aware of these valuation processes in Pawtucket helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Pawtucket is $4,133 in the 02860 zip code, while the lowest median tax bill is $4,008 in the 02861 zip code.
Average Pawtucket Assessed Value
$239,300
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 Pawtucket, Rhode Island
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02860 | $172,470 | $205,100 | $243,950 | $299,125 | $358,960 |
| 02861 | $192,400 | $214,100 | $236,500 | $271,275 | $310,100 |
Source: Ownwell
Property Tax Bills Across Pawtucket, Rhode Island
In Pawtucket, property tax bills are calculated based on the assessed value of your home, which is determined by local assessors. This assessed value is then multiplied by the local tax rate to determine your annual tax bill. For homeowners in Pawtucket, located in Providence County, the median home price stands at $239,300. The property tax rate in this region results in a median tax bill of around $4,133 annually for the zip code 02860, which is higher than the national median property tax rate of 0.99%. Factors such as location, property size, and market conditions influence the assessed value, which can lead to varying tax bills. For instance, homeowners in the 25th percentile can expect to pay approximately $3,561, while those in the 75th percentile might pay around $4,813. The highest tax bills, in the 90th percentile, can reach up to $5,680. These property taxes contribute to local services but can also be a significant financial consideration for homeowners.
Average Pawtucket Tax Bill
$4,054
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 Pawtucket, Rhode Island
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02860 | $2,924 | $3,476 | $4,133 | $5,066 | $6,077 |
| 02861 | $3,259 | $3,627 | $4,008 | $4,596 | $5,254 |
Source: Ownwell