Rhode Island Gets Honorable Taxation

 

After North Kingstown's 2006 revaluation, the 2007 tax levy increased 5.25%. However most people (2/3) got an average tax increase of 17%, more than triple the increase in the levy!  Why? Because with a revaluation, all owners are taxed on the market value of their property.

Revaluation insures a fair tax for buyers on the market value of their purchase. They know what their taxes will be and can decide not to buy if the taxes are too high.

But existing homeowners are taxed as if they just bought their home at the market price, even if they couldn't afford it or the taxes on it.

See the impact for yourself. Select a town, scroll or search by name or address or plat number and see how (your) property tax compares to others.

The red numbers are the results of the RIGHT proposal, the adjacent columns show what actually happened with conventional revaluation.  

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North Kingstown 2006-2007 (3.7 mb)

West Warwick 2003-2004 (2.6 mb )
[We received no names or addresses for W. Warwick]

Cranston 2005-2006 (12.0 mb)
[We received no addresses for Cranston. (note: Cranston had five (5) different tax rates at that time.  This file averages them.)]

Barrington 2008-2009 (2.8 mb)
[We were not given the sales data so we randomly inserted 100 "sales" to show how this would effect results.]

Please note: there is no effect on new owners; their red numbers and black numbers are nearly identical. However, after they become existing owners the following year, they will pay the same percentage increases as all existing owners.

The R.I.G.H.T. Plan produces exactly the same tax revenue as the present method of property taxation but taxes all owners fairly every year.

Also, check the links below to read how the R.I.G.H.T. plan affects different groups and especially read the FAQ for a thorough summary.