Burrillville, Rhode Island Property Taxes
The median property tax rate in Burrillville, RI is 1.44%, which is considerably higher than the national median of 0.99% but slightly lower than the Rhode Island state median of 1.48%. With a median home value of $299,100, the typical annual property tax bill in Burrillville reaches $4,304, significantly exceeding the national median of $2,690. Property taxes in Burrillville are calculated based on the assessed value, which often falls below the market value due to exemptions like those for primary residences and agricultural properties. Understanding Burrillville'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 Burrillville 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
Burrillville, Rhode Island Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.44%
Estimate Property Tax Bill
$4,307
$3,997
Ownwell’s Burrillville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Burrillville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Burrillville 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 Burrillville, Rhode Island
Property taxes in Burrillville, 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 Burrillville stands at 1.44%, significantly higher than the U.S. national median of 0.99%. Local government entities within Burrillville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Burrillville 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 Burrillville'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 02830 also has the lowest median tax rate of 1.44%. Understanding how these areas compare with Burrillville 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 Burrillville 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 Burrillville, 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 Burrillville, Rhode Island
In Burrillville, 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 Burrillville, 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. The median home price in Burrillville is $299,100, with tax bills ranging from $3,824 at the 25th percentile to $5,858 at the 90th percentile. 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 Burrillville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Burrillville, Rhode Island
Source: Ownwell
$51,600
$324,300
$597,000
Average Burrillville Assessed Value
$299,100
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 Burrillville, Rhode Island
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02830 | $258,280 | $265,775 | $299,100 | $338,750 | $407,080 |
Source: Ownwell
Property Tax Bills Across Burrillville, Rhode Island
In Burrillville, Providence County, RI, property tax bills are calculated based on the assessed value of the property and the local tax rate. The assessed value is determined by the town's assessment office, reflecting the property's market value. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. For example, with a median home price of $299,100, homeowners can expect their tax bills to vary. The 25th percentile tax bill is around $3,824, while the 75th percentile tax bill reaches $4,874, and the 90th percentile tax bill goes up to $5,858. The highest and lowest median tax bill in the area is $4,304, affecting residents uniformly in the zip code 02830. These property taxes contribute significantly to local services such as schools, public safety, and infrastructure, directly impacting homeowners' monthly expenses and overall cost of living. Comparing this to the national median property tax rate of 0.99%, Burrillville's property tax rate underscores the importance of understanding local tax obligations.
Average Burrillville Tax Bill
$4,304
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 Burrillville, Rhode Island
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02830 | $3,717 | $3,824 | $4,304 | $4,874 | $5,858 |
Source: Ownwell