Chepachet, Providence County, Rhode Island Property Taxes

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

Median Chepachet, RI effective property tax rate: 1.43%, significantly higher than the national median of 1.02%, but lower than the Rhode Island state median of 1.48%.
Median Chepachet, RI home value: $375,600
Median annual Chepachet, RI tax bill: $5,383, $2,983 higher than the national median property tax bill of $2,400.

How are property taxes in Providence calculated?

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

Last Updated March 1, 2025

Chepachet, Providence County, Rhode Island Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.43%

Estimate Property Tax Bill

$5,371

$4,984

Ownwell’s Chepachet Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Chepachet with just two data points. By entering your property's estimated assessed value, our calculator applies Chepachet’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 Providence County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Chepachet, Providence 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 to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. Although votes and laws play a role in setting tax rates and budgets, this is essentially the annual process. In Chepachet, located in Providence County, Rhode Island, the effective property tax rate stands at 1.43%, which is notably higher than the national median property tax rate of 1.02%. This indicates that property owners in Chepachet may face higher tax bills compared to the national average. When compared to other cities in Rhode Island, Chepachet’s rate is reflective of the state's median, as both the highest and lowest median tax rates in the state are the same. This suggests a level of uniformity in property tax rates within the region, providing a predictable framework for property owners.

Property Tax Rates Across Chepachet, Providence County, Rhode Island

Source: Ownwell

1.16%

1.74%

2.32%

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 Chepachet Tax Rate

1.43%

Median Effective Providence County Tax Rate

1.71%

Median Effective Rhode Island Tax Rate

1.48%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Chepachet, Providence County, Rhode Island

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
02814	1.42%	1.42%	1.43%	1.43%	1.43%

Source: Ownwell

Property Tax Assessment Values Across Chepachet, Providence County, Rhode Island

When examining property taxes in Chepachet, Rhode Island, 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 Providence 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 Providence County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. 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 Chepachet.

For example, the median home price in Chepachet is $375,600, with tax bills ranging significantly across the county. Zip code 02814 has the highest median home price at $375,600.

Property Tax Assessment Values Across Chepachet, Providence County, Rhode Island

Source: Ownwell

$215,400

$406,200

$597,000

Median Chepachet Market Value

$375,600

Median Providence County Market Value

$293,200

Median Rhode Island Market Value

$326,800

Median United States Market Value

$235,294

Property Tax Assessment Values Across Chepachet, Providence County, Rhode Island

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
02814	$197,150	$295,925	$375,600	$479,175	$614,350

Source: Ownwell

Property Tax Bills Across Chepachet, Providence County, Rhode Island

In Chepachet, located in Providence County, RI, property tax bills are determined by multiplying the assessed value of a home by the local property tax rate. With a median home price of $375,600, homeowners in this area face a median property tax bill of $5,383, significantly higher than the national median of $2,400. Factors such as the property's assessed value, which is based on market conditions, and local tax rates, play a crucial role in determining the final tax bill. This can pose a financial burden on homeowners, especially when compared to the national median property tax rate of 1.02%.

Ownwell offers valuable assistance to homeowners in Chepachet by helping them navigate the complexities of property tax appeals and exemptions. By analyzing property assessments and identifying potential inaccuracies, Ownwell can assist homeowners in reducing their tax liabilities. This not only helps in potentially lowering the annual tax bill but also ensures that homeowners are not overpaying due to errors in property assessments.

Property Tax Bills Across Chepachet, Providence County, Rhode Island

Source: Ownwell

$3,784

$7,370

$10,955

Median Chepachet Tax Bill

$5,383

Median Providence County Tax Bill

$4,934

Median Rhode Island Tax Bill

$4,920

Median United States Tax Bill

$2,400

Property Tax Bills Across Chepachet, Providence County, Rhode Island

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
02814	$2,817	$4,218	$5,383	$6,941	$8,962

Source: Ownwell