Bristol County, Rhode Island Property Taxes
The median property tax rate in Bristol County is 1.37%, which is higher than both the national median of 0.99% and the Rhode Island state median of 1.48%. With the median home value in Bristol County at $394,000, the typical annual property tax bill reaches $6,020, far exceeding the national median of $2,690. Property taxes in Bristol County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Bristol County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Bristol or another part of Bristol County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Bristol County, Rhode Island Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.37%
Estimate Property Tax Bill
$5,398
$5,009
Ownwell’s Bristol Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Bristol with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Bristol to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Bristol County, Rhode Island
Property taxes in Bristol play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Bristol is 1.37%, which is higher than both the Rhode Island state median and the U.S. national median of 0.99%. Local government entities within Bristol set these rates annually, and they can vary significantly between different areas within the county. Each year, Bristol estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. For comparison, the city of East Providence has one of the higher property tax rates in Rhode Island at 2.03%, while the city of Bristol boasts one of the lowest at 1.34%. Analyzing how Bristol's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
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 Bristol County, Rhode Island
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Barrington | 2.03% | 2.03% | 2.03% | 2.03% | 2.03% |
| Bristol | 1.34% | 1.34% | 1.34% | 1.34% | 1.34% |
| East Providence | N/A | N/A | N/A | N/A | N/A |
| Warren | 1.37% | 1.37% | 1.37% | 1.37% | 1.37% |
Source: Ownwell
Property Tax Assessment Values Across Bristol County, Rhode Island
In Bristol County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Bristol County Appraisal District. The assessed value, however, 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. Assessment notices in Bristol County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. For instance, East Providence has the highest median tax bill at $14,454, while Bristol has the lowest at $4,995. Being aware of these valuation processes in Bristol County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Bristol County, Rhode Island
Source: Ownwell
$373,900
$405,450
$437,000
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 Bristol County, Rhode Island
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Barrington | $285,000 | $336,000 | $437,000 | $613,000 | $864,400 |
| Bristol | $266,900 | $312,200 | $373,900 | $475,700 | $620,180 |
| East Providence | N/A | N/A | N/A | N/A | N/A |
| Warren | $271,440 | $330,900 | $385,350 | $457,200 | $604,670 |
Source: Ownwell
Property Tax Bills Across Bristol County, Rhode Island
In Bristol County, RI, property tax bills are calculated based on the assessed value of your home, which is determined by local tax assessors. The assessed value is then multiplied by the property tax rate set by the county. For instance, with a median home price of $394,000, homeowners can expect their tax bills to vary significantly. At the 25th percentile, the tax bill is approximately $4,713, while at the 75th percentile, it rises to about $8,567. For those in the 90th percentile, tax bills can reach up to $12,951. Several factors influence these calculations, including property location, market conditions, and any applicable exemptions. The highest median tax bill in the county is found in East Providence at $14,454, whereas the lowest is in Bristol at $4,995. Compared to the national median property tax rate of 0.99%, Bristol County's rates can be relatively high, impacting homeowners' annual financial planning and overall cost of living.
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 Bristol County, Rhode Island
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Barrington | $5,786 | $6,821 | $8,871 | $12,444 | $17,547 |
| Bristol | $3,566 | $4,171 | $4,995 | $6,355 | $8,285 |
| East Providence | N/A | N/A | N/A | N/A | N/A |
| Warren | $3,708 | $4,520 | $5,264 | $6,245 | $8,268 |
Source: Ownwell