Attleboro, Rhode Island Property Taxes
The median property tax rate in Attleboro, RI is 1.69%, 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 Attleboro, the typical annual property tax bill reaches $874, which is significantly lower than the national median of $2,690. Property taxes in Attleboro 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 Attleboro'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 Attleboro 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
Attleboro, Rhode Island Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.69%
Estimate Property Tax Bill
$872
$809
Ownwell’s Attleboro Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Attleboro with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Attleboro 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 Attleboro, Rhode Island
Property taxes in Attleboro, Rhode Island, are essential for funding key local services such as public schools, road maintenance, and emergency services. The median tax rate in Attleboro is 1.69%, significantly higher than the U.S. national median of 0.99%. Local government entities within Attleboro set these rates annually, and they can vary significantly across different neighborhoods. Each year, Attleboro 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 Attleboro's effective property tax rate to other counties in Rhode Island and the national median. For comparison, the 02703 zip code has the highest median property tax rate of 1.69%, while the 02703 zip code also has the lowest median tax rate of 1.69%. Understanding how these cities compare with Attleboro 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 Attleboro Tax Rate
1.69%
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 Attleboro, Rhode Island
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02703 | 1.69% | 1.69% | 1.69% | 1.69% | 1.69% |
Source: Ownwell
Property Tax Assessment Values Across Attleboro, Rhode Island
In Attleboro, 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 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 Attleboro, 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 Attleboro helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 02703 has the highest and lowest median tax bills, both at $874, highlighting the uniformity in tax assessments within the area.
Average Attleboro Assessed Value
$51,600
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 Attleboro, Rhode Island
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02703 | $51,600 | $51,600 | $51,600 | $51,600 | $51,600 |
Source: Ownwell
Property Tax Bills Across Attleboro, Rhode Island
In Attleboro, Providence County, RI, property tax bills are determined by multiplying the assessed value of a property by the local tax rate. The assessed value is derived from the market value, which is an estimate of what the property would sell for under current market conditions. Factors such as property size, location, and improvements made to the home are considered in the assessment process. For homeowners in Attleboro, the median home price is $51,600. With a consistent tax bill of $874 across various percentiles, the effective tax rate is significantly higher than the national median property tax rate of 0.99%. This means homeowners in Attleboro pay a substantial amount in property taxes relative to their property's value. These taxes fund essential local services such as schools, public safety, and infrastructure, impacting the overall quality of life in the community. Understanding how these taxes are calculated helps homeowners budget accordingly and potentially seek exemptions or appeals if they believe their assessment is inaccurate.
Average Attleboro Tax Bill
$874
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 Attleboro, Rhode Island
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02703 | $874 | $874 | $874 | $874 | $874 |
Source: Ownwell