Mapleville, Rhode Island Property Taxes
The median property tax rate in Mapleville, 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 the median home value in Mapleville at $285,500, the typical annual property tax bill reaches $4,108, significantly exceeding the national median of $2,690. Property taxes in Mapleville are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Mapleville'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 Mapleville 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
Mapleville, Rhode Island Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.44%
Estimate Property Tax Bill
$4,111
$3,815
Ownwell’s Mapleville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Mapleville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Mapleville 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 Mapleville, Rhode Island
Property taxes in Mapleville, Rhode Island, are crucial in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Mapleville is 1.44%, significantly higher than the U.S. national median of 0.99%. Local government entities within Mapleville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mapleville 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 Mapleville's effective property tax rate to other counties in Rhode Island and the national median. For comparison, the 02839 zip code has the highest median property tax rate of 1.44%, while the same 02839 zip code also has the lowest median tax rate of 1.44%. Understanding how these cities compare with Mapleville 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 Mapleville 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 Mapleville, Rhode Island
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02839 | 1.44% | 1.44% | 1.44% | 1.44% | 1.44% |
Source: Ownwell
Property Tax Assessment Values Across Mapleville, Rhode Island
In Mapleville, 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 Mapleville, 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 Mapleville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Mapleville are both $4,108 in the 02839 zip code.
Property Tax Assessment Values Across Mapleville, Rhode Island
Source: Ownwell
$51,600
$324,300
$597,000
Average Mapleville Assessed Value
$285,500
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 Mapleville, Rhode Island
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02839 | $49,750 | $85,125 | $285,500 | $360,575 | $402,900 |
Source: Ownwell
Property Tax Bills Across Mapleville, Rhode Island
In Mapleville, Providence County, RI, property tax bills are calculated based on the assessed value of a home. The local tax rate is applied to this assessed value to determine the annual tax bill. For instance, with a median home price of $285,500, homeowners can expect varying tax bills depending on their property's assessed value and specific circumstances. Factors such as property size, location, and improvements can influence the assessed value, thereby affecting the tax bill. Homeowners in Mapleville experience a range of tax bills, with the 25th percentile at $1,225 and the 75th percentile at $5,189. The 90th percentile reaches up to $5,798, indicating that higher-valued properties incur significantly larger tax obligations. Compared to the national median property tax rate of 0.99%, Mapleville's tax rates reflect the local government's funding needs for public services and infrastructure. Understanding these factors helps homeowners anticipate their tax responsibilities and plan their finances accordingly.
Average Mapleville Tax Bill
$4,108
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 Mapleville, Rhode Island
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02839 | $716 | $1,225 | $4,108 | $5,189 | $5,798 |
Source: Ownwell