West Kingston, Rhode Island Property Taxes
The median property tax rate in West Kingston, RI is 1.48%, significantly higher than the national median of 0.99%. With a median home value of $406,250, the typical annual property tax bill in West Kingston reaches $5,474, far exceeding the national median of $2,690. Property taxes in West Kingston are calculated based on the assessed value, which is often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding West Kingston's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you reside in the heart of West Kingston or another part of the city, a thorough grasp of the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
West Kingston, Rhode Island Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.48%
Estimate Property Tax Bill
$6,013
$5,579
Ownwell’s West Kingston Property Tax Bill Calculator is a valuable tool for any homeowner, real estate investor, or potential owner to estimate their annual property taxes in West Kingston with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in West Kingston 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 West Kingston, Rhode Island
Property taxes in West Kingston, Rhode Island, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in West Kingston is 1.48%, significantly higher than the U.S. national median of 0.99%. Local government entities within West Kingston set these rates annually, and they can vary significantly across different neighborhoods. Each year, West Kingston 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 West Kingston's effective property tax rate to other areas and the national median. For comparison, the zip code 02892 has the highest median property tax rate of 1.48%, while the same zip code also has the lowest median tax rate of 1.48%. Understanding how these areas compare with West 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 West Kingston Tax Rate
1.48%
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 West Kingston, Rhode Island
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02892 | 1.10% | 1.11% | 1.48% | 1.48% | 1.48% |
Source: Ownwell
Property Tax Assessment Values Across West Kingston, Rhode Island
In West Kingston, 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. 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 West Kingston helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 02892 holds both the highest and lowest median tax bill at $5,474, while the 25th percentile tax bill is $4,261 and the 75th percentile tax bill is $6,629.
Property Tax Assessment Values Across West Kingston, Rhode Island
Source: Ownwell
$136,250
$657,225
$1,178,200
Average West Kingston Assessed Value
$406,250
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 West Kingston, Rhode Island
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02892 | $267,370 | $337,950 | $406,250 | $495,400 | $590,390 |
Source: Ownwell
Property Tax Bills Across West Kingston, Rhode Island
In West Kingston, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in this area is $406,250, which serves as a baseline for determining property taxes. Homeowners in West Kingston can expect their tax bills to vary significantly depending on the assessed value of their property. For example, tax bills at the 25th percentile are around $4,261, while those at the 75th percentile can reach $6,629. The 90th percentile tax bill is even higher, at approximately $7,683. Several factors influence these tax bills, including property size, location, and any improvements made to the home. These elements collectively impact the assessed value, which is then multiplied by the local tax rate to determine the final tax bill. For homeowners, understanding these factors is crucial as they directly affect the annual financial obligation. Compared to the national median property tax rate of 0.99%, West Kingston's rates result in relatively high tax bills, reflecting the area's property values and local government funding needs.
Average West Kingston Tax Bill
$5,474
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 West Kingston, Rhode Island
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02892 | $3,164 | $4,261 | $5,474 | $6,629 | $7,683 |
Source: Ownwell