While holding an open house in the town of Charlestown, RI I was talking to a couple who asked a frequently asked question, “What are the taxes on this house?” I told them and they were amazed at the difference. The couple lived in a home in West Greenwich, RI a town whose tax rate is more than double that of neighboring Charlestown
That led me to compile a list of town tax rates and have them readily available. Taxes are fluid, can and do change.
These numbers provided reflect those of towns from the year 2012. It is important to note that they are a dollar amount per thousand and that land and “improvements” are calculated separately then added together. When purchasing a home it is important to note that taxes will be included in mortgage calculations. Principal, interest, taxes and insurance are part of the complex mortgage formula. When getting pre-qualified for a mortgage ask the lender about taxes and how much they might impact purchasing power.
Town/$ per Thousand of Assessment (Lowest to Highest)
Charlestown - $7.48Exeter - $13.49
Richmond - $14.99
Hopkinton - $15.69
West Greenwich - $18.74
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