Harrisville, Rhode Island Property Taxes
The median property tax rate in Harrisville, RI is 1.44%, which is considerably higher than the national median of 0.99% but slightly below the Rhode Island state median of 1.48%. With the median home value in Harrisville at $311,350, the typical annual property tax bill reaches $4,480, significantly exceeding the national median of $2,690. Property taxes in Harrisville are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Harrisville'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 Harrisville 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
Harrisville, Rhode Island Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.44%
Estimate Property Tax Bill
$4,483
Ownwell’s Harrisville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Harrisville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Harrisville 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 Harrisville, Rhode Island
Property taxes in Harrisville, Rhode Island, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Harrisville is 1.44%, significantly higher than the U.S. national median of 0.99%. Local government entities within Harrisville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Harrisville 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 Harrisville's effective property tax rate to other counties in Rhode Island and the national median. For comparison, the zip code 02830 has the highest median property tax rate of 1.44%, while the same zip code also has the lowest median tax rate of 1.44%. Understanding how these areas compare with Harrisville 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 Harrisville Tax Rate
1.44%
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 Harrisville, Rhode Island
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02830 | 1.44% | 1.44% | 1.44% | 1.44% | 1.44% |
Source: Ownwell
Property Tax Assessment Values Across Harrisville, Rhode Island
In Harrisville, 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 Harrisville, 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 Harrisville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Harrisville is $311,350, with tax bills ranging from $3,848 at the 25th percentile to $6,852 at the 90th percentile. The zip code 02830 has the highest and lowest median tax bill of $4,480.
Property Tax Assessment Values Across Harrisville, Rhode Island
Source: Ownwell
$51,600
$324,300
$597,000
Average Harrisville Assessed Value
$311,350
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 Harrisville, Rhode Island
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02830 | $204,870 | $267,425 | $311,350 | $377,025 | $476,190 |
Source: Ownwell
Property Tax Bills Across Harrisville, Rhode Island
In Harrisville, Providence County, RI, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. The median home price in Harrisville is $311,350. The local tax rate is applied to this assessed value to determine the annual tax bill. Several factors influence the tax bill, including the home's location, size, and any applicable exemptions or deductions. For homeowners in Harrisville, the tax bill can vary significantly. At the 25th percentile, the tax bill is around $3,848, while at the 75th percentile, it rises to approximately $5,425. For those at the 90th percentile, it can reach up to $6,852. These property taxes are essential for funding local services such as schools, public safety, and infrastructure. Compared to the national median property tax rate of 0.99%, Harrisville's tax obligations reflect the community's commitment to maintaining robust public services and infrastructure, impacting homeowners accordingly.
Average Harrisville Tax Bill
$4,480
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 Harrisville, Rhode Island
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02830 | $2,948 | $3,848 | $4,480 | $5,425 | $6,852 |
Source: Ownwell