Example of Providence County Property Tax Calculation
Providence County calculates property taxes based on the value of the property. To determine the tax amount, the county uses a mill rate, which is a tax rate expressed in mills per dollar.
Here's an example of how Providence County calculates property taxes:
Let's say that a property in Providence County has an assessed value of $200,000. The mill rate for the county is 20 mills, or $20 per $1,000 of assessed value.
To calculate the property tax amount, you would multiply the assessed value by the mill rate:
$200,000 assessed value x 20 mills = $4,000 property tax amount
Therefore, the property owner would owe $4,000 in property taxes to Providence County for that year.
It's important to note that property tax rates can vary by city or town within Providence County, so it's a good idea to check with your local tax office for specific information.
If you want appeal your property tax assessment - contact your local tax assessor.
Providence County Property Tax Rates
The table below shows the Providence County Property Tax rates per 100$ of assessed value:
| Tax | Rate per 100$ of Assessed Value |
|---|---|
| Residential | $18.60 |
| Commercial | $31.04 |
| Tangible Property | $31.04 |
| Motor Vehicles | $35.60 |
It's important to note that actual tax amounts may vary depending on the assessed value of the property. As a tax advisor, it's recommended to consult with a local tax professional for more personalized advice.
Who sets property tax rates in Providence County ?
The property tax rates in Providence County are set by the local government officials, specifically the Providence County Tax Assessor's Office. The rates are determined annually and are based on the assessed value of the property.
The process of setting the property tax rates typically begins in the late summer or early fall, with assessments being made on all properties in the county. This assessment process involves a review of property values, as well as any changes or improvements made to the property over the past year.
Once the assessments are complete, the Providence County Tax Assessor's Office will use this information to calculate the property tax rates for the upcoming year. These rates are typically approved by the Providence County Board of Supervisors or County Council, depending on the specific governmental structure in place.
It is important to note that property tax rates can vary widely depending on the specific location and type of property. Homeowners and other property owners should consult with their local government officials or a qualified tax advisor to better understand their property tax obligations.
Homestead exemptions in Providence County ?
To help homeowners in Providence County, Rhode Island, this blog post will provide a comprehensive list of all county-specific Homestead exemptions and deductions. The following table includes four columns: exemption, eligibility, amount, and notes.
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| Principal Residence Exemption | Owners of principal residences | $12,000 assessed value | Must file by March 15 |
| Elderly Exemption | Owners 65+ or with disabilities | $20,000 assessed value | Must have household income below $30,000 |
| Veterans Exemption | Veterans or spouses of deceased veterans | $7,500 assessed value | Must have served during wartime or peacetime |
| Blind Exemption | Blind or visually impaired owners | $12,000 assessed value | Must provide proof of disability |
| Solar Energy Exemption | Owners with solar energy systems installed | 100% exemption | Must apply by March 15 |
It's important to note that homeowners can only receive one exemption or deduction per property. Additionally, these exemptions and deductions are specific to Providence County and may vary in other counties in Rhode Island.
Overall, taking advantage of these Homestead exemptions and deductions can significantly reduce a homeowner's property tax burden. Homeowners are encouraged to research and apply for these exemptions before the March 15 deadline.
When is Providence County Property Tax due ?
Providence County Property Tax Due Date and Payment Methods
Providence County residents are required to pay property taxes on an annual basis. The due date for Providence County Property Tax is typically on or before March 15th of each year. Property owners are advised to make their payments before the due date to avoid penalties and interest charges.
There are various payment methods available for Providence County Property Tax payments. Property owners can choose to pay by mail, in-person, online, or through an automatic withdrawal from their bank account. Here are the payment methods and their respective details:
| Payment Method | Details |
|---|---|
| Property owners can send a check or money order to the Providence County Tax Collector's office. The address is 25 Dorrance Street, Providence, RI 02903. Payments must be postmarked on or before March 15th to avoid penalty charges. | |
| In-person | Property owners can visit the Tax Collector's office and pay with cash, check, or money order. |
| Online | Property owners can pay their property taxes online through the Rhode Island Division of Taxation website. Payments can be made using a credit card, debit card, or electronic check. |
| Automatic Withdrawal | Property owners can opt for automatic withdrawal from their bank account. The Tax Collector's office will debit the amount due on the due date. |
In conclusion, Providence County Property Tax is typically due on or before March 15th of each year. Property owners can choose from various payment methods, including mail, in-person, online, and automatic withdrawal. Any payment method chosen must be made before the due date to avoid penalties and interest charges.
If you have more questions - contact your local tax collector.
How is Providence County Property Tax penalty calculated ?
Providence County Property Tax Penalty Calculation
When a property owner fails to pay their property taxes on time, they may face penalties and interest charges. In Providence County, the penalty for unpaid property taxes is calculated as a percentage of the amount owed.
The following table outlines the Providence County property tax penalty rates:
| Time Elapsed | Penalty Rate |
|---|---|
| 1-30 days | 5% |
| 31-60 days | 10% |
| 61-90 days | 15% |
| 91-120 days | 20% |
| Over 120 days | 20% + 1% per month |
For example, if a property owner owes $10,000 in property taxes and fails to pay on time, they will face a penalty of 5% ($500) if they pay within 30 days. If they pay between 31-60 days, the penalty increases to 10% ($1,000). If they pay between 61-90 days, the penalty increases to 15% ($1,500). If they pay between 91-120 days, the penalty increases to 20% ($2,000).
If the property owner still fails to pay after 120 days, the penalty increases to 20% plus an additional 1% per month until the balance is paid in full. It is important for property owners to pay their property taxes on time to avoid these penalties and interest charges.
We recommend contacting the Providence County Tax Office or a local tax professional for the most up-to-date and accurate information.