Kingston, Rhode Island Property Taxes
The median property tax rate in Kingston, RI is 1.11%, which is considerably higher than the national median of 0.99% but lower than the Rhode Island state median of 1.48%. With the median home value in Kingston at $439,800, the typical annual property tax bill reaches $4,860, significantly exceeding the national median of $2,690. Property taxes in Kingston are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Kingston'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 Kingston 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
Kingston, Rhode Island Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.11%
Estimate Property Tax Bill
$4,882
Ownwell’s Kingston Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Kingston with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Kingston to estimate your property tax bill. This valuable tool helps you understand potential tax liabilities. For those interested in more detailed trends at the neighborhood level, additional localized information is available further down the page. Your property’s assessed value is the value assigned by Washington County for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Kingston, Rhode Island
Property taxes in Kingston, 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 Kingston is 1.11%, higher than both the Rhode Island state median and the U.S. national median of 0.99%. Local government entities within Kingston set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kingston estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all assessed 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 Kingston's effective property tax rate to other areas in Rhode Island and the national median. For comparison, the 02881 zip code has the highest median property tax rate of 1.11%, while the same zip code also has the lowest median tax rate of 1.11%. Understanding how these areas compare with Kingston provides valuable insights into the varying tax landscape across Washington County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Kingston Tax Rate
1.11%
Average Washington County Tax Rate
1.10%
Average Rhode Island Tax Rate
1.48%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kingston, Rhode Island
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02881 | 1.10% | 1.10% | 1.11% | 1.11% | 1.11% |
Source: Ownwell
Property Tax Assessment Values Across Kingston, Rhode Island
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Kingston. 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 Washington 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 Kingston, 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. For instance, the highest and lowest median tax bills in Kingston are both $4,860, found in the zip code 02881. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Kingston, Rhode Island
Source: Ownwell
$136,250
$657,225
$1,178,200
Average Kingston Assessed Value
$439,800
Average Washington County Assessed Value
$428,800
Average Rhode Island Assessed Value
$326,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Kingston, Rhode Island
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02881 | $329,080 | $381,350 | $439,800 | $528,250 | $618,360 |
Source: Ownwell
Property Tax Bills Across Kingston, Rhode Island
In Kingston, Washington County, RI, property tax bills are calculated based on the assessed value of a home, which is determined by local tax assessors. The assessed value is then multiplied by the local tax rate to arrive at the annual tax bill. For instance, with the median home price in Kingston being $439,800, homeowners can expect to pay a significant amount in property taxes. Several factors influence the final tax bill, including property size, location, and market conditions. The tax bill can vary widely among homeowners. In Kingston, the 25th percentile tax bill is $4,214, while the 75th percentile tax bill is $5,837, and the 90th percentile tax bill reaches up to $6,833. Compared to the national median property tax rate of 0.99%, Kingston's property taxes can be relatively high, reflecting the area's property values and local tax policies. For homeowners, these taxes are a crucial consideration, impacting their overall housing costs and financial planning.
Average Kingston Tax Bill
$4,860
Average Washington County Tax Bill
$4,838
Average Rhode Island Tax Bill
$4,920
Average United States Tax Bill
$2,690
Property Tax Bills Across Kingston, Rhode Island
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02881 | $3,637 | $4,214 | $4,860 | $5,837 | $6,833 |
Source: Ownwell