Rumford, Providence County, Rhode Island Property Taxes

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

Median Rumford, RI effective property tax rate: 1.48%, significantly higher than the national median of 1.02%, but lower than the Rhode Island state median of 1.48%.
Median Rumford, RI home value: $362,800
Median annual Rumford, RI tax bill: $5,355, $2,955 higher than the national median property tax bill of $2,400.

How are property taxes in Providence calculated?

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

Last Updated March 1, 2025

Rumford, Providence County, Rhode Island Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.48%

Estimate Property Tax Bill

$5,369

$4,983

Ownwell’s Rumford Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Rumford with just two data points. By entering your property's estimated assessed value, our calculator applies Rumford’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by Providence 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 Rumford, Providence County, Rhode Island

Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Rumford in Providence County, Rhode Island, has an effective property tax rate of 1.48%, which is higher than the national median of 1.02%. This indicates a relatively higher property tax burden in Rumford compared to many other parts of the country. Within Rhode Island, Rumford's rate stands out, as it is both the highest and lowest median tax rate, illustrating a unique uniformity in this region. Homeowners in Rumford face a property tax bill that exceeds the national median of $2,400, reflecting the local government's budgetary needs and the valuation of properties. Understanding these dynamics can empower property owners to make informed decisions about property tax appeals and exemptions.

Property Tax Rates Across Rumford, 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 Rumford Tax Rate

1.48%

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 Rumford, Providence County, Rhode Island

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
02916	1.48%	1.48%	1.48%	1.48%	1.48%

Source: Ownwell

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

When examining property taxes in Rumford, 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 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 Rumford. For example, the median home price in Rumford is $362,800, with tax bills ranging significantly across the county. Zip code 02916 has the highest median home price at $362,800.

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

Source: Ownwell

$215,400

$406,200

$597,000

Median Rumford Market Value

$362,800

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 Rumford, Providence County, Rhode Island

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
02916	$267,100	$309,075	$362,800	$436,200	$515,720

Source: Ownwell

Property Tax Bills Across Rumford, Providence County, Rhode Island

In Rumford, RI, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This value is multiplied by the tax rate set by the city to calculate the annual tax bill. With a median home price of $362,800, homeowners in Rumford often face tax bills higher than the national median of $2,400. For instance, the 25th percentile tax bill is $4,564, while the 75th percentile reaches $6,438. Factors such as property size, location, and market conditions influence the assessed value, impacting the tax burden on homeowners. High tax bills can strain household budgets, making property tax relief essential. Ownwell offers a solution by helping homeowners appeal their property tax assessments, potentially lowering their tax bills. Through expert analysis and representation, Ownwell identifies opportunities for savings, ensuring homeowners are not overpaying. This service can be particularly valuable in areas like Rumford, where tax bills significantly exceed the national average.

Property Tax Bills Across Rumford, Providence County, Rhode Island

Source: Ownwell

$3,784

$7,370

$10,955

Median Rumford Tax Bill

$5,355

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 Rumford, Providence County, Rhode Island

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
02916	$3,945	$4,564	$5,355	$6,438	$7,612

Source: Ownwell