Newport Property Owners Notified About Tax Reval

NEWPORT, RI— A letter went out last week that will have an impact on people's property taxes. The City notified property owners their real estate is being revalued to reflect market value as of Dec. 31, 2017. According to the March 16 letter from the tax assessor's office, the new number represents 100 percent of market value. The number does not include veterans or elderly exemptions. Those will be applied later.

Generally, the new assessments are higher—a lot higher, in some cases. According to posts on neighborhood blogs, some people claim their values went up 100 percent. Others say the increase is around 20 percent.

The Assessors Office cautioned owners against trying to figure their new tax bill based on the current per thousand valuation (10.93 for residential; 15.16 for commercial and personal property) because the City Council will vote in June to set the new tax rate.

People can also look online at the Vision Appraisal website to see the new assessments. The old valuation for land and buildings is shown at the bottom of the page.

To ask for a hearing about the new assessment, owners can schedule a review by going to this website or by calling 1-888-844-4300 between 9 a.m. and 4 p.m. The deadline is April 2. The hearings are described as informal, but people who still want to appeal the decision can write to the Board of Assessment Review after tax bills are mailed in June.

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