East Providence, Rhode Island Property Taxes
The median property tax rate in East Providence, RI is 2.03%, significantly higher than both the national median of 0.99% and the Rhode Island state median of 1.48%. With a median home value of $712,000 in East Providence, the typical annual property tax bill reaches $14,454, far exceeding the national median of $2,690. Property taxes in East Providence are calculated based on the tax assessed value, which generally falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding East Providence's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of East Providence or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
East Providence, Rhode Island Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.03%
Estimate Property Tax Bill
$14,454
Ownwell’s East Providence Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in East Providence with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in East Providence 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 East Providence, Rhode Island
Property taxes in East Providence, Rhode Island, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in East Providence is 2.03%, significantly higher than the U.S. national median of 0.99%. Local government entities within East Providence set these rates annually, and they can vary significantly across different neighborhoods. Each year, East Providence 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 East Providence's effective property tax rate to other areas in Rhode Island and the national median. For comparison, the 02914 zip code has the highest median property tax rate of 2.03%, while the same zip code also has the lowest median tax rate of 2.03%. Understanding how these rates compare with East Providence provides valuable insights into the varying tax landscape across Bristol County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average East Providence Tax Rate
2.03%
Average Bristol County Tax Rate
1.37%
Average Rhode Island Tax Rate
1.48%
Average United States Tax Rate
0.99%
Property Tax Rates Across East Providence, Rhode Island
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02914 | 2.03% | 2.03% | 2.03% | 2.03% | 2.03% |
Source: Ownwell
Property Tax Assessment Values Across East Providence, Rhode Island
In East Providence, 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 local authorities in Bristol County 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 East Providence, 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. The median home price in East Providence is $712,000, with the highest and lowest median tax bills both being $14,454 in the 02914 zip code. 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 East Providence helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across East Providence, Rhode Island
Source: Ownwell
$373,900
$542,950
$712,000
Average East Providence Assessed Value
$712,000
Average Bristol County Assessed Value
$394,000
Average Rhode Island Assessed Value
$326,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across East Providence, Rhode Island
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02914 | $712,000 | $712,000 | $712,000 | $712,000 | $712,000 |
Source: Ownwell
Property Tax Bills Across East Providence, Rhode Island
In East Providence, located in Bristol County, RI, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is then multiplied by the local property tax rate to determine the tax bill. Factors such as the property's market value, location, and any applicable exemptions or deductions play a crucial role in this calculation. For homeowners in East Providence, the property tax rate is significantly higher than the national median property tax rate of 0.99%, leading to substantial tax bills. For instance, the median home price in the area is $712,000, resulting in a median tax bill of $14,454. This amount can be quite impactful for homeowners, influencing their overall financial planning and the affordability of homeownership in the region. The high property taxes reflect the community's investment in local services and infrastructure, but they also represent a considerable expense for property owners.
Average East Providence Tax Bill
$14,454
Average Bristol County Tax Bill
$6,020
Average Rhode Island Tax Bill
$4,920
Average United States Tax Bill
$2,690
Property Tax Bills Across East Providence, Rhode Island
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02914 | $14,454 | $14,454 | $14,454 | $14,454 | $14,454 |
Source: Ownwell