North Kingstown, Rhode Island Property Taxes
The median property tax rate in North Kingstown, RI is 1.43%, 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 Kingstown at $407,700, the typical annual property tax bill reaches $5,846, exceeding the national median of $2,690. Property taxes in North Kingstown 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 North Kingstown'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 Kingstown 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 Kingstown, Rhode Island Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.43%
Estimate Property Tax Bill
$5,830
$5,410
Ownwell’s North Kingstown Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in North Kingstown with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in North Kingstown 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 Kingstown, Rhode Island
Property taxes in North Kingstown, Rhode Island, are crucial for funding essential local services, including public schools, road maintenance, and emergency services. The median tax rate in North Kingstown is 1.43%, significantly higher than the U.S. national median of 0.99%. Local government entities within North Kingstown set these rates annually, and they can vary across different neighborhoods. Each year, North Kingstown 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 Kingstown's effective property tax rate to other areas in Rhode Island and the national median. For comparison, the 02852 zip code has the highest median property tax rate of 1.43%, while the same zip code also has the lowest median tax rate of 1.43%. Understanding how these areas compare with North Kingstown 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 North Kingstown Tax Rate
1.43%
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 North Kingstown, Rhode Island
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02852 | 1.43% | 1.43% | 1.43% | 1.43% | 1.43% |
Source: Ownwell
Property Tax Assessment Values Across North Kingstown, Rhode Island
In North Kingstown, 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 local 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 Kingstown, 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. The median home price in North Kingstown is $407,700, and the median tax bill is $5,846 in the 02852 zip code. 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 North Kingstown, Rhode Island
Source: Ownwell
$136,250
$657,225
$1,178,200
Average North Kingstown Assessed Value
$407,700
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 North Kingstown, Rhode Island
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02852 | $282,690 | $332,675 | $407,700 | $543,000 | $719,110 |
Source: Ownwell
Property Tax Bills Across North Kingstown, Rhode Island
In North Kingstown, Washington County, RI, property tax bills are determined based on the assessed value of a home. The local tax assessor evaluates the property's value, which is then multiplied by the tax rate to calculate the annual tax bill. For example, with a median home price of $407,700, homeowners can expect varying tax bills depending on their property's assessed value. The tax bill for the 25th percentile is approximately $4,770, while those in the 75th percentile face around $7,787. Homeowners in the 90th percentile might see tax bills as high as $10,333. These figures reflect the impact of property taxes on household budgets and highlight the importance of accurate assessments. Compared to the national median property tax rate of 0.99%, North Kingstown's tax rates can significantly influence a homeowner's financial planning. Understanding these factors helps residents anticipate their annual obligations and manage their finances more effectively.
Average North Kingstown Tax Bill
$5,846
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 North Kingstown, Rhode Island
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02852 | $4,054 | $4,770 | $5,846 | $7,787 | $10,333 |
Source: Ownwell