Property Taxes in Rhode Island
Rhode Island's effective property tax rate is 1.05%, ranking #36 out of 50 states (1 = lowest). The median annual property tax paid is $4,483.
Rhode Island's property tax rates are above the national average, with rates varying between the state's 39 municipalities. The state recently implemented tax levy caps that limit annual tax levy increases to 4% for most communities. A homestead exemption is available in some municipalities but is not statewide — Providence, for example, offers a homestead exemption that can reduce taxes by 40% or more for primary residences. The property tax circuit breaker through the state income tax provides additional relief for qualifying homeowners.
By BuyAHomeIn Editorial | Updated 2026-03-02 | Sources: Tax Foundation, U.S. Census
Tax Rate
1.05%
Median Annual Tax
$4,483
National Rank
#36 of 50
1 = lowest
Homestead Exemption
Yes
Annual Property Tax by Home Price
| Home Price | Annual Tax | Monthly |
|---|---|---|
| $200,000 | $2,100 | $175 |
| $300,000 | $3,150 | $263 |
| $400,000 | $4,200 | $350 |
| $500,000 | $5,250 | $438 |
| $750,000 | $7,875 | $656 |
* Based on the average effective rate of 1.05%. Actual rates vary by county and municipality.
Homestead Exemption in Rhode Island
Up to $500,000
File for the homestead exemption after purchasing your primary residence in Rhode Island to reduce your assessed property value, lowering your annual tax bill. Contact your county assessor's office for the application.
How Rhode Island Compares
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