In 2012, there was one tax rate of $31.89 with a 50% owner occupied exemption and a 15% non-owner occupied exemption. However, there is no longer a homestead exemption in the city of Providence.
There are now two tax rates for owner occupants and non-owner occupants. These rates are:
- Owner Occupied Rate – $19.25
- Non Owner Occupied Rate – $33.75
Although rates went up most property assessments went down. The City of Providence revalued all property effective December 31st, 2012. This is done every three years and the new assessments are based on fair market value.
*This information was taken from http://www.providenceri.com/efile/4626