East Greenwich, Kent County, Rhode Island Property Taxes
The median property tax rate in East Greenwich, RI, is 2.18%, 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 Greenwich at $433,500, the typical annual property tax bill reaches $8,395, exceeding the national median of $2,690. Property taxes in East Greenwich 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 Greenwich'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 Greenwich 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 Greenwich, Kent County, Rhode Island Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.18%
Estimate Property Tax Bill
$9,450
$8,770
Ownwell’s East Greenwich Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in East Greenwich with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in East Greenwich 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 Greenwich, Kent County, Rhode Island
Property taxes in East Greenwich, Rhode Island, are crucial in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in East Greenwich stands at 2.18%, significantly higher than the U.S. national median of 0.99%. Local government entities within East Greenwich set these rates annually, and they can vary significantly across different neighborhoods. Each year, East Greenwich 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 Greenwich's effective property tax rate to other areas in Kent County and the national median. For comparison, the ZIP code 02818 in East Greenwich has the highest median property tax rate of 2.18%, while the same ZIP code also has the lowest median tax rate of 2.18%. Understanding how these areas compare with East Greenwich provides valuable insights into the varying tax landscape across Kent County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring regions.
Average East Greenwich Tax Rate
2.18%
Average Kent County Tax Rate
1.42%
Average Rhode Island Tax Rate
1.48%
Average United States Tax Rate
0.99%
Property Tax Rates Across East Greenwich, Kent County, Rhode Island
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02818 | 1.42% | 1.42% | 2.18% | 2.19% | 2.19% |
Source: Ownwell
Property Tax Assessment Values Across East Greenwich, Kent County, Rhode Island
In East Greenwich, 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 Kent 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 East Greenwich, 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 Greenwich helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in East Greenwich is $433,500, with tax bills ranging from $6,016 at the 25th percentile to $14,848 at the 90th percentile. The zip code 02818 has both the highest and lowest median tax bill at $8,395.
Property Tax Assessment Values Across East Greenwich, Kent County, Rhode Island
Source: Ownwell
$256,900
$362,000
$467,100
Average East Greenwich Assessed Value
$433,500
Average Kent County Assessed Value
$303,600
Average Rhode Island Assessed Value
$326,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across East Greenwich, Kent County, Rhode Island
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02818 | $263,800 | $323,600 | $433,500 | $560,150 | $736,600 |
Source: Ownwell
Property Tax Bills Across East Greenwich, Kent County, Rhode Island
In East Greenwich, located in Kent County, RI, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in this area is $433,500. Property taxes are determined by multiplying the assessed value of the property by the local tax rate. Various factors influence the assessed value, including the property's size, location, and condition. Homeowners in East Greenwich typically experience property tax bills that vary widely. The 25th percentile tax bill is $6,016, while the 75th percentile reaches $11,560. Those in the 90th percentile see tax bills as high as $14,848. The highest median tax bill recorded in the area is $8,395, which is significantly higher than the national median property tax rate of 0.99%. These variations can significantly impact homeowners, influencing their overall housing costs and potentially affecting decisions about property investments and home ownership in the region.
Property Tax Bills Across East Greenwich, Kent County, Rhode Island
Source: Ownwell
$4,243
$6,319
$8,395
Average East Greenwich Tax Bill
$8,395
Average Kent County Tax Bill
$4,657
Average Rhode Island Tax Bill
$4,920
Average United States Tax Bill
$2,690
Property Tax Bills Across East Greenwich, Kent County, Rhode Island
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02818 | $4,320 | $6,016 | $8,395 | $11,560 | $14,848 |
Source: Ownwell