Rhode Island § 44-72-6 § 44-72-6. Rate of tax.

Rhode Island Statutes

§ 44-72-6 — § 44-72-6. Rate of tax.

Rhode Island § 44-72-6

Title 44Taxation

Ch. 44-72Non-Owner Occupied Property Tax Act

This text of Rhode Island § 44-72-6 (§ 44-72-6. Rate of tax.) is published on Counsel Stack Legal Research, covering Rhode Island primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

R.I. Gen. Laws § 44-72-6 (2026).

Text

§ 44-72-6. Rate of tax.
The tax authorized by this chapter shall be measured by the assessed value of the
            real estate at the rate of two dollars and fifty cents ($2.50) for each five hundred
            dollars ($500) or fractional part of the assessed value in excess of one million dollars
            ($1,000,000). For tax years beginning on or after July 1, 2027, the assessed value
            threshold of one million dollars ($1,000,000) provided pursuant to this section shall
            be adjusted by the percentage increase in the Consumer Price Index for all Urban Consumers
            (CPI-U) as published by the United States Department of Labor Statistics determined
            as of September 30 of

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§ 44-72-6. Rate of tax.

The tax authorized by this chapter shall be measured by the assessed value of the real estate at the rate of two dollars and fifty cents ($2.50) for each five hundred dollars ($500) or fractional part of the assessed value in excess of one million dollars ($1,000,000). For tax years beginning on or after July 1, 2027, the assessed value threshold of one million dollars ($1,000,000) provided pursuant to this section shall be adjusted by the percentage increase in the Consumer Price Index for all Urban Consumers (CPI-U) as published by the United States Department of Labor Statistics determined as of September 30 of the prior calendar years. Said adjustment shall be compounded annually and shall be rounded up to the nearest five-dollar ($5.00) increment. In no event shall the assessed value threshold in any tax year be less than the prior tax year.