Portsmouth, Newport County, Rhode Island Property Taxes

Name: Property Tax Bills Across Portsmouth, Newport County, Rhode Island
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Portsmouth, RI effective property tax rate: 1.28%, significantly higher than the national median of 1.02%, but lower than the Rhode Island state median of 1.48%.
Median Portsmouth, RI home value: $469,800
Median annual Portsmouth, RI tax bill: $6,008, $3,608 higher than the national median property tax bill of $2,400.

How are property taxes in Newport calculated?

Property taxes in Portsmouth, RI are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Portsmouth’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Portsmouth, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Portsmouth, Newport County, Rhode Island Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.28%

Estimate Property Tax Bill

$6,013

$5,580

Ownwell’s Portsmouth Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Portsmouth with just two data points. By entering your property's estimated assessed value, our calculator applies Portsmouth’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations.

This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Newport County. The property tax bill in Portsmouth is significantly higher than the national median property tax bill of $2400, making it crucial for property owners to explore all possible avenues for savings.

For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Portsmouth, Newport County, Rhode Island

Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.

Portsmouth in Newport County, Rhode Island, has an effective property tax rate of 1.28%. This rate is higher than the national median property tax rate of 1.02%. Despite this, Portsmouth's rate is consistent across the state, reflecting Rhode Island's uniformity in property taxation. When compared to the national median property tax bill of $2,400, the local tax burden can be significant, underscoring the importance of understanding and potentially appealing your property tax assessment. By staying informed and considering professional property tax appeal services, homeowners in Portsmouth can ensure they are not overpaying and that their assessments accurately reflect their property's market value.

Property Tax Rates Across Portsmouth, Newport County, Rhode Island

Source: Ownwell

0.50%

0.99%

1.49%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Portsmouth Tax Rate

1.28%

Median Effective Newport County Tax Rate

1.26%

Median Effective Rhode Island Tax Rate

1.48%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Portsmouth, Newport County, Rhode Island

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
02871	1.28%	1.28%	1.28%	1.28%	1.28%

Source: Ownwell

Property Tax Assessment Values Across Portsmouth, Newport County, Rhode Island

When examining property taxes in Portsmouth, RI, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Newport County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In Newport County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Portsmouth. For example, the median home price in Portsmouth is $469,800, with tax bills ranging significantly across the county. Zip code 02871 has the highest median home price at $469,800.

Property Tax Assessment Values Across Portsmouth, Newport County, Rhode Island

Source: Ownwell

$256,350

$487,675

$719,000

Median Portsmouth Market Value

$469,800

Median Newport County Market Value

$457,350

Median Rhode Island Market Value

$326,800

Median United States Market Value

$235,294

Property Tax Assessment Values Across Portsmouth, Newport County, Rhode Island

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
02871	$259,400	$358,600	$469,800	$655,800	$875,680

Source: Ownwell

Property Tax Bills Across Portsmouth, Newport County, Rhode Island

In Portsmouth, located in Newport 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 tax rate to determine the annual tax bill. In Portsmouth, homeowners face a median tax bill of $6,008, significantly higher than the national median of $2,400. Home values, which have a median price of $469,800 in the area, play a crucial role in determining the assessed value. The tax bill can range widely, with some homeowners paying as little as $4,585 or as much as $11,193, depending on their property's assessed value and location within the city. High property taxes can strain homeowners' budgets, but Ownwell offers a solution by providing expert property tax appeal and exemption services. By analyzing your property’s assessed value and ensuring it is fair, Ownwell can help reduce your tax bill, potentially saving you thousands of dollars annually.

Property Tax Bills Across Portsmouth, Newport County, Rhode Island

Source: Ownwell

$3,155

$4,582

$6,008

Median Portsmouth Tax Bill

$6,008

Median Newport County Tax Bill

$5,041

Median Rhode Island Tax Bill

$4,920

Median United States Tax Bill

$2,400

Property Tax Bills Across Portsmouth, Newport County, Rhode Island

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
02871	$3,318	$4,585	$6,008	$8,384	$11,193

Source: Ownwell