Little Compton, Newport County, Rhode Island Property Taxes

Name: Property Tax Bills Across Little Compton, Newport County, Rhode Island
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Little Compton, RI effective property tax rate: 0.50%, significantly lower than the national median of 1.02%, but lower than the Rhode Island state median of 1.48%.
Median Little Compton, RI home value: $636,100
Median annual Little Compton, RI tax bill: $3,155, $755 higher than the national median property tax bill of $2,400.

How are property taxes in Newport calculated?

Property taxes in Little Compton, 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 Little Compton’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Little Compton, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Little Compton, Newport County, Rhode Island Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.5%

Estimate Property Tax Bill

$3,181

$2,951

Ownwell’s Little Compton Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Little Compton with just two data points.

By entering your property's estimated assessed value, our calculator applies Little Compton’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations.

This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Newport County.

For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Little Compton, Newport County, Rhode Island

Local government entities are responsible for setting tax rates, which can vary significantly across different regions. This variance is due to the fact that each county annually estimates its budgetary needs to provide essential services and then divides this amount by the total assessed value of all taxable properties within its jurisdiction. This calculation determines the property tax rate for that area. While the process involves votes and legislation, this is the basic annual procedure. In Little Compton, located in Newport County, the effective property tax rate stands at 0.50%, which is notably lower than the national median property tax rate of 1.02%. This makes Little Compton an attractive option for property owners looking to minimize their tax burden. Comparatively, the property tax rate in Little Compton is consistent with the median tax rate for the state of Rhode Island, offering a stable and predictable environment for property owners. Understanding these rates and how they compare to national figures can help residents make informed decisions about their property investments.

Property Tax Rates Across Little Compton, Newport County, Rhode Island

Source: Ownwell

0.50%

0.99%

1.49%

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 Little Compton Tax Rate

0.50%

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 Little Compton, Newport County, Rhode Island

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
02837	0.50%	0.50%	0.50%	0.50%	0.50%

Source: Ownwell

Property Tax Assessment Values Across Little Compton, Newport County, Rhode Island

When examining property taxes in Little Compton, 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 appraisal district 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. Assessment notices: 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 Little Compton. For example, the median home price in Little Compton is $636,100, with tax bills ranging significantly across the county. 02837 has the highest median home price at $636,100.

Property Tax Assessment Values Across Little Compton, Newport County, Rhode Island

Source: Ownwell

$256,350

$487,675

$719,000

Median Little Compton Market Value

$636,100

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 Little Compton, Newport County, Rhode Island

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
02837	$344,160	$466,500	$636,100	$1,020,800	$2,151,840

Source: Ownwell

Property Tax Bills Across Little Compton, Newport County, Rhode Island

In Little Compton, Newport County, RI, property tax bills are calculated based on the assessed value of a property, which is determined by the local tax assessor. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors such as property size, location, and market conditions can influence the assessed value, affecting the tax bill homeowners receive. With a median home price of $636,100, property owners in Little Compton may face higher tax bills than the national median of $2,400. The tax bill at the 25th percentile is $2,314, while it rises significantly to $5,064 at the 75th percentile, and reaches $10,673 at the 90th percentile. Ownwell assists homeowners by identifying potential savings through property tax appeals and exemptions, ensuring they are not overpaying. By analyzing the property's assessed value and comparing it to market trends, Ownwell can help secure a fair tax assessment, potentially reducing the financial burden on homeowners in Little Compton.

Property Tax Bills Across Little Compton, Newport County, Rhode Island

Source: Ownwell

$3,155

$4,582

$6,008

Median Little Compton Tax Bill

$3,155

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 Little Compton, Newport County, Rhode Island

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
02837	$1,707	$2,314	$3,155	$5,064	$10,673

Source: Ownwell