East Providence, Rhode Island Property Taxes
The median property tax rate in East Providence, RI is 1.48%, 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 East Providence at $324,000, the typical annual property tax bill reaches $4,782, exceeding the national median of $2,690. Property taxes in East Providence 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 East Providence'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 East Providence 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
East Providence, 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 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 essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in East Providence is 1.48%, 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 zip code 02914 has the highest median property tax rate of 1.48%, while the same zip code also has the lowest median tax rate of 1.48%. Understanding how these areas compare with East Providence 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 East Providence Tax Rate
1.48%
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 East Providence, Rhode Island
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02914 | 1.48% | 1.48% | 1.48% | 1.48% | 1.48% |
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 the local appraisal authority 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. 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. In East Providence, the median home price is $324,000, with tax bills ranging from $4,274 at the 25th percentile to $6,166 at the 90th percentile. The zip code 02914 has the highest and lowest median tax bill, both recorded at $4,782.
Property Tax Assessment Values Across East Providence, Rhode Island
Source: Ownwell
$51,600
$324,300
$597,000
Average East Providence Assessed Value
$324,000
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 East Providence, Rhode Island
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02914 | $262,900 | $289,600 | $324,000 | $367,200 | $417,720 |
Source: Ownwell
Property Tax Bills Across East Providence, Rhode Island
In East Providence, property tax bills are calculated based on the assessed value of the property and the local tax rate. The city uses the assessed value, which is a percentage of the market value, to determine the tax obligation. Homeowners in East Providence experience a median home price of $324,000. The property tax rate in this region is higher than the national median of 0.99%, resulting in substantial tax bills. For instance, tax bills in the 25th percentile amount to $4,274, while those in the 75th percentile reach $5,420. The top 10% of tax bills can go up to $6,166. The median tax bill in the zip code 02914 is notably high at $4,782, reflecting the overall tax burden on homeowners. These tax obligations can significantly impact homeowners, influencing their financial planning and potentially affecting property values. Understanding how these factors interplay is crucial for homeowners to manage their tax liabilities effectively.
Average East Providence Tax Bill
$4,782
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 East Providence, Rhode Island
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02914 | $3,881 | $4,274 | $4,782 | $5,420 | $6,166 |
Source: Ownwell