Cranston Sewer Tax (2024)

FAQs

What is the property tax in Cranston, RI? ›

What is the sales tax rate in Cranston, Rhode Island? The minimum combined 2024 sales tax rate for Cranston, Rhode Island is 7%. This is the total of state, county and city sales tax rates.

(a) The city council of the city of Cranston is authorized to annually fix the amount, if any, of a homestead exemption with respect to assessed value from local taxation on taxable real property used for residential purposes or mixed purposes, defined as a combination of residential and commercial uses, in the city of ...

Real Estate (Commercial/Industrial): $28.35 per $1,000 in assessed value.

Rhode Island's largest county by area and by population, Providence County has the highest effective property tax rates in the state.

Tax-exempt goods

Examples include most non-prepared food items, prescription medications, and some clothing. We recommend businesses review the laws and rules put forth by the Rhode Island Division of Taxation to stay up to date on which goods are taxable and which are exempt, and under what conditions.

Common exemptions

Rhode Island imposes a 7 percent sales tax on the sale of most tangible items. However, the state offers exemptions on a range of goods and services, as well as for certain organizations and types of sales. Common exempt goods include clothing and footwear, food, and medical items.

Like most other states in the Northeast, Rhode Island has both a statewide income tax and sales tax. The income tax is progressive tax with rates ranging from 3.75% up to 5.99%. The highest marginal rate applies to taxpayers earning more than $166,950 for tax year 2023.

The Senior Exemption Application can be applied for by any homeowner that is age 65 or older, and occupies a residential property (single, two, or three family, also including residential condos) as their primary residence.

What is the Cranston tax freeze? ›

If you qualify, taxes will be frozen at the amount of the year you qualified. Frozen taxes prevent your real estate taxes from increasing due to value changes or tax rate changes. Your freeze allows for change decreases, but not increases.

Provides tax relief to a domiciled resident who is the legal owner of residential property on or before December 31st of each year and which property is the principal residence (owner-occupied) of said person.

The average property tax rate in Rhode Island for 2022 is 16.93 with the highest being Providence at 24.56 and the lowest being Little Compton at 6.04.

New Jersey has the highest property tax rate at 2.47%, followed by Illinois, Connecticut, New Hampshire, and Vermont. There are 14 counties with an estimated median property tax above $10,000 across California, New York, New Jersey and Virginia.

The Rhode Island property tax rates are set in dollars per $1,000 of assessed value. For example, if your property is located in a Rhode Island city or town with a rate of $20, you would pay $20 for every $1000 of assessed value in property taxes.

East Providence - Tax rates of 21.86 percent. Cumberland - Tax rates of 14.99 percent. Narragansett - Property tax rate of 9.00 percent. Hopkinton - Personal property tax rate of 18.53 percent.

It has been estimated that the proposed increase in property tax revenues will result in a property tax rate of $14.61 per $1,000 of assessed valuation as compared to the Fiscal year 2021-2022 property tax rate of $14.27 per $1,000 of assessed valuation and a (2.383% ) tax rate increase over FY2022.