Jamestown, Newport County, Rhode Island Property Taxes
Median Jamestown, RI effective property tax rate: 0.70%, significantly lower than the national median of 1.02%, but lower than the RI state median of 1.48%.
Median Jamestown, RI home value: $719,000
Median annual Jamestown, RI tax bill: $5,019, $2,619 higher than the national median property tax bill of $2,400.
How are property taxes in Newport calculated?
Property taxes in Jamestown, RI are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Jamestown’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Jamestown, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Jamestown, Newport County, Rhode Island Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.7%
Estimate Property Tax Bill
$5,033
$4,670
Property Tax Rates Across Jamestown, Newport County, Rhode Island
Local government entities set tax rates, which can vary widely within a state. This variation occurs because each county annually estimates its required budget for providing services and divides that by the total value of all taxable property within its jurisdiction. This calculation determines the property tax rate. While votes and laws play a role in setting these rates and budgets, this is essentially the annual process.
In Jamestown, located in Newport County, Rhode Island, the effective property tax rate stands at 0.70%. This rate is consistent across the city, marking it as both the highest and lowest in its area. When compared to the national median property tax rate of 1.02%, Jamestown's rate is significantly lower. The national median property tax bill is $2400, offering a broader perspective on where Jamestown stands in relation to the rest of the country. This lower rate can be appealing for property owners looking for more affordable tax obligations.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Jamestown Tax Rate
0.70%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Newport County Tax Rate
1.26%
Median Effective Rhode Island Tax Rate
1.48%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Jamestown, Newport County, Rhode Island
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02835 | 0.70% | 0.70% | 0.70% | 0.70% | 0.70% |
Source: Ownwell
Property Tax Assessment Values Across Jamestown, Newport County, Rhode Island
When examining property taxes in Jamestown, RI, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Newport County Assessor's Office estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Newport County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Jamestown. For example, the median home price in Jamestown is $719,000, with tax bills ranging significantly across the county. The zip code 02835 has the highest median home price at $719,000.
Property Tax Assessment Values Across Jamestown, Newport County, Rhode Island
Source: Ownwell
$256,350
$487,675
$719,000
Median Jamestown Market Value
$719,000
Median Newport County Market Value
$457,350
Median Rhode Island Market Value
$326,800
Median United States Market Value
$235,294
Property Tax Assessment Values Across Jamestown, Newport County, Rhode Island
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02835 | $443,500 | $540,600 | $719,000 | $1,093,500 | $2,050,400 |
Source: Ownwell
Property Tax Bills Across Jamestown, Newport County, Rhode Island
Median Jamestown Tax Bill
$5,019
Median Newport County Tax Bill
$5,041
Median Rhode Island Tax Bill
$4,920
Median United States Tax Bill
$2,400
Property Tax Bills Across Jamestown, Newport County, Rhode Island
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02835 | $3,096 | $3,773 | $5,019 | $7,633 | $14,312 |
Source: Ownwell