Hope Valley, Washington County, Rhode Island Property Taxes

Name: Property Tax Bills Across Hope Valley, Washington County, Rhode Island
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Hope Valley, RI effective property tax rate: 1.47%, significantly higher than the national median of 1.02%, but lower than the Rhode Island state median of 1.48%.
Median Hope Valley, RI home value: $365,300
Median annual Hope Valley, RI tax bill: $5,357, $2,957 higher than the national median property tax bill of $2,400.

How are property taxes in Washington calculated?

Property taxes in Hope Valley, RI are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Hope Valley’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Hope Valley, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Hope Valley, Washington County, Rhode Island Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.47%

Estimate Property Tax Bill

$5,370

$4,983

Ownwell’s Hope Valley Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Hope Valley with just two data points. By entering your property's estimated assessed value, our calculator applies Hope Valley’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Washington County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Hope Valley, Washington County, Rhode Island

Local government entities set tax rates, which can vary widely within a state. Why? Each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare Hope Valley’s effective property tax rate to other cities in Rhode Island and the median property tax rates in Rhode Island and the U.S. In Hope Valley, located in Washington County, the median property tax rate is 1.47%. This is significantly higher than the national median property tax rate of 1.02%, reflecting the unique fiscal requirements and property values of the area. When comparing this to other locales within Rhode Island, Hope Valley stands at both the highest and lowest median tax rate within the zip code 02832, indicating a uniformity in tax assessment within that specific region. Understanding these differences can help property owners make informed decisions about their investments and potential tax liabilities.

Property Tax Rates Across Hope Valley, Washington County, Rhode Island

Source: Ownwell

0.57%

1.03%

1.48%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Hope Valley Tax Rate

1.47%

Median Effective Washington County Tax Rate

1.10%

Median Effective Rhode Island Tax Rate

1.48%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Hope Valley, Washington County, Rhode Island

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
02832	1.47%	1.47%	1.47%	1.47%	1.48%

Source: Ownwell

Property Tax Assessment Values Across Hope Valley, Washington County, Rhode Island

When examining property taxes in Hope Valley, RI, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Washington County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill. Assessment notices: In Washington County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Hope Valley. For example, the median home price in Hope Valley is $365,300, with tax bills ranging significantly across the county. 02832 has the highest median home price at $365,300.

Property Tax Assessment Values Across Hope Valley, Washington County, Rhode Island

Source: Ownwell

$136,250

$657,225

$1,178,200

Median Hope Valley Market Value

$365,300

Median Washington County Market Value

$428,800

Median Rhode Island Market Value

$326,800

Median United States Market Value

$235,294

Property Tax Assessment Values Across Hope Valley, Washington County, Rhode Island

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
02832	$249,640	$298,300	$365,300	$450,200	$529,180

Source: Ownwell

Property Tax Bills Across Hope Valley, Washington County, Rhode Island

In Hope Valley, Washington County, RI, 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 then multiplied by the local tax rate to determine the annual tax bill. For instance, with a median home price of $365,300, homeowners can expect significant tax bills. The tax bill at the 25th percentile is $4,389, while it rises to $6,607 at the 75th percentile. The 90th percentile tax bill can reach up to $7,761. This is considerably higher than the national median property tax bill of $2,400, highlighting the burden on homeowners in this region. Ownwell offers a solution by providing property tax appeal and exemption services. By analyzing the assessed value and identifying potential discrepancies, Ownwell helps homeowners reduce their tax liability. This service can lead to considerable savings, making homeownership more affordable in Hope Valley.

Property Tax Bills Across Hope Valley, Washington County, Rhode Island

Source: Ownwell

$1,506

$4,392

$7,278

Median Hope Valley Tax Bill

$5,357

Median Washington County Tax Bill

$4,838

Median Rhode Island Tax Bill

$4,920

Median United States Tax Bill

$2,400

Property Tax Bills Across Hope Valley, Washington County, Rhode Island

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
02832	$3,672	$4,389	$5,357	$6,607	$7,761

Source: Ownwell