2022 Rhode Island Commercial Mill Rates by Town
Posted by Tim Bray on
Commercial Real Estate Taxes in Rhode Island vary greatly by town and are typically correlated to the services which each town provides. 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 commercial property tax rate in Rhode Island for 2022 is 20.41 with the highest being Central Falls at 42.33 and the lowest being Little Compton at 6.04. Please note that Property taxes can have a substantial impact on the cash flow of a property making it more or less appealing to a lender, investor, or potential owner occupant. Contact a…
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