Rhode Island variant. This is a Rhode Island-specific version of the Property Tax Calculator, using pre-defined local figures (tax rates, median home and income values, and typical regional costs). For the full formula, methodology, and FAQ, open the main Property Tax Calculator.
Rhode Island's effective property tax rate of 1.4% means the owner of a median $445,000 home pays roughly $6,230 per year - a figure that varies widely by state.
How Rhode Island property tax is calculated
Property tax = assessed value × local millage rate. The 1.4% effective rate shown here is the statewide average of tax paid relative to market value, which smooths over county-by-county differences.
On the $445,000 Rhode Island median home, that works out to about $6,230/year or $519/month - often escrowed into your mortgage payment.
About taxes and housing in Rhode Island
Rhode Island uses a graduated income tax with a top marginal rate near 6%.
Rhode Island's effective property tax rate is around 1.4%, with median home values near $445,000.
Rhode Island's economy is tied to healthcare, education, defense, and a maritime tradition along Narragansett Bay.
Worked example: tax on a $445,000 home
$445,000 × 1.4% = $6,230 per year. A $500,000 home in Rhode Island would owe about $7,000 annually at the same effective rate.
Quick reference
- State income tax: 3.75-5.99% across 3 brackets
- State sales tax: 7% (plus 0.00% avg local)
- Median home value: $445,000
- Median household income: $81,854
- Effective property tax rate: 1.4%
- Avg auto insurance: $2,018/yr
Frequently Asked Questions
What is the property tax rate in Rhode Island?
Rhode Island's effective property tax rate averages 1.4% of market value per year.
How much property tax on a $445,000 home in Rhode Island?
About $6,230 per year at the 1.4% effective rate.