Real Estate Taxes in Rhode Island vary greatly by town and are typically correlated to the services which each town provides to its residents. A town with a lower Mill rate may not offer services such as public water and sewer, perhaps waste disposal, or a firehouse. Your real estate agent will be able to help you to determine the services offered and their importance to you when purchasing real estate. 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. 

2022 RI Mill Rates by Town Ranked

How to Calculate Rhode Island Property Taxes

The formula to calculate Rhode Island Property Taxes is (Assessed Value x Property Tax Rate)/1000= Rhode Island Property Tax. Take the Assessed…

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Have you ever wondered why some people are successful, productive, and seem to be happier?   This journey we call life is full of ups, downs,  successes, and failures.  Take a look at the traits of a Seaport agent below and ask yourself if you have what it takes to be part of our group.  If so, then simply send a creative video of yourself to info@seaportre.com.  Please make sure to explain how you will be an asset and help our company to grow.

11. Problem solver mindset

Great agents enjoy coming up with creative solutions to problems.  Many successful real estate agents know how to properly showcase a property to make it more marketable and develop creative marketing to attract the right buyers. Our agents employ valuation skills that allow them to…

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This is an extremely important act that was passed by all 50 states in the 1960’s to allow farmland, forestry, or open space to be assessed at its use rather than its fair market value or highest and best use as determined by an assessor.  Without this law, many land owners would simply not be able to afford land that has been passed down from generation to generation as the taxes would be outrageous.

Each state has its own rules and regulations regarding land use assessment and valuations differ from town to town. The State Law in CT sets no minimum acreage requirements to qualify but the individual township may have guidelines. Many towns in CT require a minimum of 25 acres.  In CT you must have your land designated as “Forestry” through the…

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Mother Nature served up more than just inclement weather during the 2014-2015 Winter season.  As the snow piled up throughout New England we were given insight into a real estate market that would have otherwise been impossible to perceive.  

Reports regarding the absorption of foreclosures and REO’s have been fairly consistent. The inventory is being purchased which in turn is driving supply down as well as months of inventory.  Our economy is feeling a bit healthier and we expect interest rates to rise by the 4th quarter as a reflection.

But WAIT….the latest snow storms showed us that MANY homes are still VACANT & BANK OWNED.  With driveways blocked and paths un-shoveled we were able to get a true glimpse of the housing market.   No one is…

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“ Sometimes the path you’re on is not as important as the direction you’re heading.” Kevin Smith

In the real estate industry, like many other industries, knowledge is a highly valued commodity.  The generally accepted thinking is that the more time you have in the business, the more knowledge you have amassed, and that cumulative knowledge can be used for the benefit of your clients. This is certainly true.

 

It is also true that over time you have been a participant in more transactions which gives you a wealth of experience in dealing with a variety of situations. This experience and situational awareness that can only be developed over time can be of tremendous value to clients.

 

Our industry then, is one in which knowledge,…

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It may be time to push the chair back from the table and stand up to the behemoth before us.  We as real estate professionals should not be threatened or scared of the paradigm shift that is currently taking place in the industry. We must embrace change and be nimble. There is an opportunity for the Brokers in this country to come together as one. An opportunity to create a portal that will enable the real estate industry to grow and thrive indefinitely.

Let’s back up a few years and look at Zillow’s business model. Zillow proposed to add value to the consumer by offering a Zestimate.  The Zestimate made the consumer flock to www.zillow.com .  The consumer felt that they now had a tool offered by a disinterested third party that made the Appraiser…

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Despite our typical beliefs, now is the time to place your property on the market. Consumer confidence is as high as we have seen in the past decade due to low interest rates and historically low gas prices. 

The abnormally high number of sales in the lower price ranges will be having a ripple effect throughout higher price ranges in the  months to come. 

View our latest video on this topic below or https://youtu.be/DSE3NZLBmQw

 

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I get it..Your Aunt Jenny, Cousin Uma or Brother Sam just received their real estate license and you feel compelled to utilize their services in order to keep the peace within your family tree which happens to be shaped like a wreath.  STOP BEING A PLEASER as it is you who will be adversely affected by the negative outcome of utilizing an agent who is not at the top of his/her game.  Next Step…

You just located a Superstar Agent or team of agents but they are located over 30 miles away from you.

15 Years ago I would have recommended that you utilize the services of a location specific agent as they really had their finger on the pulse of print advertising. Today print advertising is simply a tool for agents to market themselves in an attempt…

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Being a real estate professional may be one of the toughest careers you can choose as your initial results are not directly correlated to your hard work but rather to the choices that you make.  I liken this profession to that of a gardener who initially works alone. 

Your first goal is to find a piece of ground that is rich in nutrients and near a sustainable water source.

Your second goal is find a few healthy seeds to start your garden.  Each customer that you are blessed to come in contact with is like a seed whose species is yet to be determined.  You must take extremely good care of each and every seed to make sure that they have a chance to mature and potentially bear fruit…… Not ever knowing if any of your seeds will make it to…

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