Greenville, Rhode Island Property Taxes
The median property tax rate in Greenville, RI, is 1.37%, higher than both the national median of 0.99% and the Rhode Island state median of 1.48%. With the median home value in Greenville at $359,450, the typical annual property tax bill reaches $4,960, significantly exceeding the national median of $2,690. Property taxes in Greenville are calculated based on the assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Greenville'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 Greenville 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
Greenville, Rhode Island Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.37%
Estimate Property Tax Bill
$4,924
Ownwell’s Greenville Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Greenville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Greenville to provide an accurate estimate of your property tax bill. This valuable tool offers clarity on potential tax liabilities, helping you make informed decisions. For those interested in more granular insights, you can explore trends at the neighborhood level by scrolling down. Your property’s assessed value, determined by Providence County, is used for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Greenville, Rhode Island
Property taxes in Greenville, Rhode Island, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Greenville is 1.37%, higher than both the Rhode Island state median and the U.S. national median of 0.99%. Local government entities within Greenville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Greenville 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 Greenville's effective property tax rate to other areas within Providence County and the national median. For comparison, the 29605 zip code has the highest median property tax rate of 1.43%, while the 02828 zip code has the lowest median tax rate of 1.37%. Understanding how these areas compare with Greenville 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 Greenville Tax Rate
1.37%
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 Greenville, Rhode Island
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02828 | 1.37% | 1.37% | 1.37% | 1.37% | 1.37% |
| 29605 | 1.43% | 1.43% | 1.43% | 1.43% | 1.43% |
Source: Ownwell
Property Tax Assessment Values Across Greenville, Rhode Island
In Greenville, 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 Greenville, 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. For example, the highest median tax bill in Greenville is $8,278 in the 29605 zip code, while the lowest is $4,960 in the 02828 zip code. 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 Greenville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Greenville, Rhode Island
Source: Ownwell
$51,600
$324,300
$597,000
Average Greenville Assessed Value
$359,450
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 Greenville, Rhode Island
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02828 | $248,260 | $295,200 | $359,400 | $430,100 | $532,240 |
| 29605 | $580,900 | $580,900 | $580,900 | $580,900 | $580,900 |
Source: Ownwell
Property Tax Bills Across Greenville, Rhode Island
Property tax bills in Greenville, Providence County, RI, are calculated based on the assessed value of a property, which is determined by local tax assessors. The assessed value is often a percentage of the market value of the home. For instance, if the median home price in Greenville is $359,450, the assessed value would be a fraction of this amount, depending on local assessment practices. The property tax rate is then applied to this assessed value to calculate the tax bill. Several factors influence the final tax bill, including property size, location, and any applicable exemptions or deductions. Homeowners in Greenville can expect their tax bills to vary significantly; for example, the tax bill at the 25th percentile is $4,065, while at the 75th percentile, it reaches $5,964. At the 90th percentile, it can go as high as $7,505. These variations can impact homeowners' financial planning and overall housing affordability. Compared to the national median property tax rate of 0.99%, Greenville's rates reflect the local economic and policy environment.
Average Greenville Tax Bill
$4,960
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 Greenville, Rhode Island
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02828 | $3,426 | $4,065 | $4,960 | $5,962 | $7,487 |
| 29605 | $8,278 | $8,278 | $8,278 | $8,278 | $8,278 |
Source: Ownwell