South Kingstown, Rhode Island Property Taxes
The median property tax rate in South Kingstown, RI is 1.11%, slightly higher than the national median of 0.99% but lower than the Rhode Island state median of 1.48%. With a median home value of $137,400 in South Kingstown, the typical annual property tax bill is $1,518, which is below the national median of $2,690. Property taxes in South Kingstown are calculated based on the tax assessed value, which is generally lower than the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding South 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 South 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
South Kingstown, 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 South Kingstown Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in South Kingstown with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in South Kingstown to determine your property tax bill. This valuable tool provides insight into potential tax liabilities. For those interested in neighborhood-specific trends, additional localized information is available further down the page. Your property’s assessed value is determined by the county for tax calculations and includes any applicable exemptions. This ensures you have a clear understanding of what to expect when it comes to property taxes in South Kingstown.
Property Tax Rates Across South Kingstown, Rhode Island
Property taxes in South Kingstown, Rhode Island, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in South Kingstown is 1.11%, which is higher than the U.S. national median of 0.99%. Local government entities within South Kingstown set these rates annually, and they can vary significantly across different neighborhoods. Each year, South 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 South Kingstown's effective property tax rate to other areas in Rhode Island and the national median. For comparison, the zip code 02879 has the highest median property tax rate of 1.11%, while zip code 02892 has the same lowest median tax rate of 1.11%. Understanding how these areas compare with South 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 South Kingstown 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 South Kingstown, Rhode Island
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02879 | 1.10% | 1.10% | 1.11% | 1.11% | 1.11% |
| 02892 | 1.10% | 1.10% | 1.11% | 1.11% | 1.11% |
Source: Ownwell
Property Tax Assessment Values Across South Kingstown, Rhode Island
In South 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 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 South 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. Being aware of these valuation processes in South Kingstown helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In South Kingstown, the highest median tax bill is $7,897 in the 02892 zip code, while the lowest is $1,506 in the 02879 zip code.
Property Tax Assessment Values Across South Kingstown, Rhode Island
Source: Ownwell
$136,250
$657,225
$1,178,200
Average South Kingstown Assessed Value
$137,400
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 South Kingstown, Rhode Island
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02879 | $111,310 | $120,625 | $136,250 | $172,550 | $234,350 |
| 02892 | $565,600 | $591,400 | $714,700 | $827,700 | $942,900 |
Source: Ownwell
Property Tax Bills Across South Kingstown, Rhode Island
Property tax bills in South Kingstown, located in Washington County, RI, are determined by multiplying the assessed value of a property by the local tax rate. The assessed value is typically a percentage of the property's market value, which is determined by the town's assessor. Factors such as property size, location, and improvements are considered in the assessment. For homeowners in South Kingstown, the median home price is $137,400. Property tax bills can vary significantly; for example, the 25th percentile tax bill is $1,335, while the 75th percentile tax bill reaches $1,932. At the 90th percentile, homeowners might see tax bills as high as $2,644. The highest median tax bill in the area is $7,897 in the zip code 02892, whereas the lowest is $1,506 in the zip code 02879. These tax bills impact homeowners by adding a significant annual expense, which can influence decisions on property purchases and investments. Compared to the national median property tax rate of 0.99%, South Kingstown's rates reflect the local economic factors and municipal budget needs.
Average South Kingstown Tax Bill
$1,518
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 South Kingstown, Rhode Island
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02879 | $1,230 | $1,333 | $1,506 | $1,907 | $2,589 |
| 02892 | $6,250 | $6,535 | $7,897 | $9,146 | $10,419 |
Source: Ownwell