Rhode Island Property Taxes
Hello all! Looking for some feedback regarding anyone who invests in RI and has some insight with their property taxes.
I was just looking at my assessment for other reasons and found out that my assessment came in $80k higher than last year and my taxes went up $1500/year.
Is there any action I can take with this or am I stuck?
*I'm not necessarily looking for tax advice on this and I understand that not everyone is an accountant.
Most Popular Reply
@Andrew Casal the city likely sent you something about your new assessed value this past spring, and in it was a process to challenge the assessment. Usually by the time you get the actual tax bill it's too late to challenge the assessed value from last year's 12/31. However you can watch out for next year's assessed value letter to challenge it next year.
To truly have the most/best options to challenge the assessment, you're also supposed to send a letter to the city/town in January stating what you believe the value is. See RIGL 44-4-4 Assessment of Taxes Against Owner and RIGL 44-5-15 Notice by Taxpayer of Intent to Bring in Account. Very few people do that, but if you can, you're in a little better shape if you do decide to appeal it (you have an extra level of appeal/challenge available).