David Robert, RICA - Tax Assessor assessor@tiverton.ri.gov Judy Rogers, Supervising Clerk
Christine Miguel, Clerk
Office: 401-625-6709
David Robert is a Professional Member of:
Rhode Island Association of Assessing Officers
Massachusetts Association of Assessing Officers
Northeast Association of Assessing Officers
International Association of Assessing Officers
Society of Professional Assessors
The Urban and Regional Informational Systems Association (GIS)
RESPONSIBILITES OF THE TAX ASSESSOR'S OFFICE
The Tax Assessor's Office is responsible for assigning and maintaining the valuation on Real Property and Tangible Property. There is no longer an annual excise tax on Motor Vehicles.
REAL PROPERTY: We estimate the fair market value (FMV) to all real estate as of the effective date of the latest revaluation date. Per Rhode Island General Law, the Town is required to revaluate property assessments once every three years. Current assessments are based on the estimated FMV as of 12/31/2020. Your assessment is based on sale activity of buyers and sellers in the 12 - 18 months prior to 12/31/2020. Factors considered include location, style of home, quality of construction, square footage, condition, views, and added features such as garages, decks, etc.
Click here for a video explaining the role of the Tax Assessor pertaining to real estate assessments.
TANGIBLE PROPERTY: Per Rhode Island General Law 44-5-12 and 44-5-12.1,businessassets are annually assessed based on the original cost of the asset and depreciated according to the proper table established in 44-5-12.1. All business are required to report assets owned on December 31st to the Assessor's office annually by the following January 31st. An estimate assessment is placed on those businesses that fail to report their assets.
MOTOR VEHICLES: The State of Rhode Island eliminated the annual Motor Vehicle Excise Tax effective 2022.
Additional information for Tangible Property and Motor Vehicle assessments can be found by clicking on the specific links above. Detailed Real Estate assessment information follows below.
TAX ASSESSMENT DATA
Property Owners are encouraged to review their assessment data on-line to ensure accuracy. Please bring any concerns/data errors to the attention of the Tax Assessor's staff by calling 401-625-6709.
Assessment Data Base - 2023 Assessments (Estimated Fair Market Value as of 12/31/2020 plus any subsequent property updates)
Please note that the current database is hosted by Northeast Revaluation Group, LLC, not Vision Government Solutions.
Online Property/GIS Map Viewer (Our GIS vendor hosted site)
2023 ASSESSMENT APPEALS (Real Estate and Tangible Property only):Â To appeal your property assessment, you must file an appeal with the Tax Assessor’s Office within 90 days from October 1stÂin accordance with R.I.G.L. 44-5-26.
Per Rhode Island State Statute 44-5-15, all property owners are required to provide their local Tax Assessor an annual listing of all ratable (taxable) real estate owned. Please see below for full details.
2024 Tax Notice
Annual Declaration of Ratable Estate - (Account Filing)
LATEST ASSESSMENT & REAL ESTATE MARKET NEWS:
Pulished East Bay story HERE (10/23/2023)
Real Estate values resume their upward trend (East Bay Article 7/2023)
Despite national trends, R.I.’s median home price still rising
Warwick, R.I. â July 20, 2023 â Today the Rhode Island Association of Realtors released June sales data which portrayed a local housing market that has seen little change. The median sales price ofsingle-family homescontinues to rise, hitting $442,700, a three percent year-over-year gain and a historic monthly high. Rhode Island’s annual price appreciation runs counter to the national trend which has seen year-over-year declines in recent months.
“Though the median home sales price nationwide has been declining, the opposite is happening in Rhode Island. The rate of increase began to taper off in the past year however, so Rhode Island’s trends are most likely just running a bit behind the rest of the country. Even if the price appreciation continues to moderate, with just 1.4 months of inventory on the market, prices aren’t likely to decline significantly barring a significant economic shift,” said Bryant Da Cruz, president of the Rhode Island Association of Realtors.
Sales activity continued to decline from the prior year, falling 12.1%, and pending sales â those likely to be completed in the next one to two months â fell by 15.6% from June 2022, the 18th consecutive month of year-over-year declines.
In recent months, thecondominium markethas seen significant annual gains in median price. June’s price of $376,450 represented a 17.5% gain from June 2022. Both completed and pending sales fell just over 16% year-over-year.
Themultifamily home market, which includes homes with two to four units, realized a median price of $500,000 in June, a 16.3% gain from 12 months earlier. Sales, however, slowed by 42.3% and pending sales dropped by 26.2%
“Thankfully the Federal Reserve paused any further interest rate hikes in June. With shelter costs being one of the main factors driving inflation, anything that helps keep home affordability within reach bodes well for the housing market,” commented Da Cruz.
2022 closes with continued drop in R.I. home sales
Warwick, R.I, -- January 18, 2023 âÂSingle-family home salesÂdata released today by the Rhode Island Association of Realtors relayed a 41.4% year-over-year drop in December in closed transactions compared to one year earlier. And, while the median price of those sales still showed a 4% annual gain, the rate of appreciation has decreased considerably throughout the second half of 2021.ÂFull Story
R.I. Home Prices Continue to Climb Despite Falling Sales
Warwick, R.I. - July 14, 2022 â June home sales statistics reveal a changing housing market in Rhode Island, one marked by prices which continue to escalate despite a five-month downward trend in single-family home sales. (From RI Realtors)
Full Story HERE.
HOUSING SALES STATISTICS
The Rhode Island Association of Realtors compiles and maintains housing statistics on all of Rhode Island and Tiverton. Follow this LINK to their statistics page.
Tiverton Quick Stats*:
Total Number of Real Estate Parcels: 8,435
Single Family Parcels: 5,177
Number of Residential Condominiums/Mobile Homes: 938
Number of Commercial/Industrial Properties: 283
Number of Tax Exempt Parcels (Town, School, State, etc.): 337
Number of Farmland, Forestland, and Open Space parcels: 183
Vacant Land Parcels: 829
Total Motor Vehicles registered in Tiverton: 21,347 (as of 12/31/2021. This number will no longer be updated as the MV excise tax has been eliminated as of 2022)
Total Business Accounts (Tangible Property): 665
Total Business Accounts based in Tiverton: 520*
* Approximate Counts as of 12/31/2021
The Tax Assessor spends a significant amount of time out in the field reviewing building permits, new home construction, appeals, and other various valuation projects including photo updates.
