North Providence, Rhode Island Property Taxes
The median property tax rate in North Providence, RI is 2.28%, 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 North Providence at $224,100, the typical annual property tax bill reaches $5,098, exceeding the national median of $2,690. Property taxes in North Providence are calculated based on the assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding North Providence'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 North Providence 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
North Providence, Rhode Island Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.48%
Estimate Property Tax Bill
$2,960
Ownwell’s North Providence Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in North Providence with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in North Providence 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 North Providence, Rhode Island
Property taxes in North Providence, Rhode Island, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in North Providence is 2.28%, significantly higher than both the Rhode Island state median and the U.S. national median of 0.99%. Local government entities within North Providence set these rates annually, and they can vary significantly across different neighborhoods. Each year, North Providence 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 North Providence's effective property tax rate to other areas in Rhode Island and the national median. For comparison, the 02908 zip code has the highest median property tax rate of 2.28%, while the 02904 zip code has the lowest median tax rate of 2.28%. Understanding how these areas compare with North Providence 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 North Providence Tax Rate
2.28%
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 North Providence, Rhode Island
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02904 | 2.28% | 2.28% | 2.28% | 2.28% | 2.28% |
| 02908 | 2.28% | 2.28% | 2.28% | 2.28% | 2.28% |
| 02911 | 2.28% | 2.28% | 2.28% | 2.28% | 2.28% |
Source: Ownwell
Property Tax Assessment Values Across North Providence, Rhode Island
In North Providence, 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 North Providence, 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 instance, the median tax bill in the 02911 zip code is $5,192, while in the 02908 zip code, it is $4,957. 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 North Providence helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across North Providence, Rhode Island
Source: Ownwell
$51,600
$324,300
$597,000
Average North Providence Assessed Value
$224,100
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 North Providence, Rhode Island
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02904 | $87,700 | $172,400 | $218,800 | $263,700 | $310,080 |
| 02908 | $168,900 | $187,400 | $217,800 | $235,200 | $271,500 |
| 02911 | $166,750 | $197,925 | $228,150 | $264,200 | $301,200 |
Source: Ownwell
Property Tax Bills Across North Providence, Rhode Island
In North Providence, 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 a percentage of the market value of the property. Homeowners in North Providence face a median property tax rate that is influenced by various factors, including the overall budgetary needs of the local government and public services. For instance, the median home price in North Providence is $224,100, and the property tax bill can vary significantly. At the 25th percentile, homeowners might pay around $4,267, while those at the 75th percentile could see tax bills as high as $6,006. The 90th percentile tax bill can reach up to $6,937. The highest median tax bill of $5,192 is found in the 02911 zip code, whereas the lowest median tax bill of $4,957 is in the 02908 zip code. These variations in tax bills can have a substantial impact on homeowners, influencing their overall financial planning and housing affordability.
Average North Providence Tax Bill
$5,098
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 North Providence, Rhode Island
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02904 | $2,000 | $3,932 | $4,991 | $6,015 | $7,069 |
| 02908 | $3,853 | $4,275 | $4,957 | $5,187 | $6,193 |
| 02911 | $3,799 | $4,510 | $5,192 | $5,999 | $6,771 |
Source: Ownwell