See RI Cities and Towns Ranked Lowest to Highest for Taxes for 2016

Russell Moore, GoLocal Contributor

See RI Cities and Towns Ranked Lowest to Highest for Taxes for 2016

GoLocalProv has ranked communities from the least to the highest taxed on the basis of their tax rates, using data from the state Division of Municipal Finance. The below slides list what the taxes would cost on a home and vehicle in each particular community.

For residential taxes, this calculation is based on the current statewide median price for a single family home, which is $217,300 according to the latest figures. Homestead exemptions are factored in using the latest available figures. For motor vehicles, the example used is a 2010 Honda Accord, valued at the maximum retail price of $13,200. The total cost of home and car taxes is then represented as a percentage of the median income for that community, offering a measure of how affordable taxes are for those residents as compared with the taxes in another city or town.

Data sources: the Rhode Island Division of Municipal Finance, the Rhode Island Association of Realtors, the Rhode Island League of Cities and Towns, the National Automobile Dealers Association, and the U.S. Census Bureau.

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The Highest Taxed Communities for 2016

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