Newport, Newport County, Rhode Island Property Taxes

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

Median Newport, RI effective property tax rate: 0.99%, slightly lower than the national median of 1.02%, but lower than the Rhode Island state median of 1.48%.
Median Newport, RI home value: $506,300
Median annual Newport, RI tax bill: $5,026, $2,626 higher than the national median property tax bill of $2,400.

How are property taxes in Newport calculated?

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

Last Updated March 1, 2025

Newport, Newport County, Rhode Island Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.99%

Estimate Property Tax Bill

$5,012

$4,651

Ownwell’s Newport Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Newport with just two data points. By entering your property's estimated assessed value, our calculator applies Newport’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 Newport, Newport County, Rhode Island

Local government entities are responsible for setting property tax rates, and these rates can differ significantly across various locations within a state. This is because each year, counties calculate their necessary budget to fund public services and then divide this amount by the total assessed value of all taxable properties within their borders. This formula determines the property tax rate for the area. Although there are democratic processes and legal frameworks involved in establishing these rates and budgets, this is essentially how it works on an annual basis. In Newport, the effective property tax rate stands at 0.99%, which is slightly below the national median of 1.02%. This rate is consistent across the city, with both the highest and lowest median tax rates recorded at 0.99% in the 02840 zip code. When comparing Newport's property tax rate to the state median and national figures, it offers a relatively competitive rate for property owners.

Property Tax Rates Across Newport, 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 Newport Tax Rate

0.99%

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 Newport, Newport County, Rhode Island

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
02840	0.99%	0.99%	0.99%	0.99%	0.99%

Source: Ownwell

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

When examining property taxes in Newport, 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.

In Newport County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 Newport. For example, the median home price in Newport is $506,300, with tax bills ranging significantly across the county. Zip code 02840 has the highest median home price at $506,300.

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

Source: Ownwell

$256,350

$487,675

$719,000

Median Newport Market Value

$506,300

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 Newport, Newport County, Rhode Island

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
02840	$276,800	$380,300	$506,300	$698,000	$1,076,320

Source: Ownwell

Property Tax Bills Across Newport, Newport County, Rhode Island

Property tax bills in Newport, RI, 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 arrive at the annual tax bill. In Newport County, the median property tax bill stands at $5,026, significantly higher than the national median of $2,400. The tax bill can vary widely, with the 25th percentile at $3,783 and the 75th percentile at $6,924, reflecting differences in property values and tax rates. Factors such as property location, size, and market conditions influence the assessed value, impacting the homeowner’s tax bill. For many homeowners, these high property taxes can be a financial burden. That's where Ownwell comes in. By offering expert property tax appeal and exemption services, Ownwell helps homeowners potentially reduce their tax bills, ensuring they're not overpaying. Our team navigates the complexities of the tax system, advocating for fair assessments and savings for homeowners.

Property Tax Bills Across Newport, Newport County, Rhode Island

Source: Ownwell

$3,155

$4,582

$6,008

Median Newport Tax Bill

$5,026

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 Newport, Newport County, Rhode Island

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
02840	$2,754	$3,783	$5,026	$6,924	$10,677

Source: Ownwell