The city of Providence, Rhode Island, like most cities in our country, imposes various taxes on its citizens and businesses in order to support the city operations. All real and personal property located in the city is assessed and taxed on an annual basis.

The City Collector is the administrator for real estate, tangible personal property, and motor vehicle excise taxes. The physical inventory and other assets belonging to businesses are assessed and taxed as tangible taxes.

Some of the recent municipal tax rates are as follows: residential property at $30.23 per $1,000 taxed at 50% of full value, commercial real estate at $37.72 per $1,000, motor vehicles at $76.78 per $1,000, retail and wholesale inventory at $15.34 per $1,000, and business personal property at $50.46 per $1,000.

If you would like to find out more about Providence, Rhode Island and its taxes and regulations, you can visit the city’s website at www.providenceri.com.

Are you looking for a CPA, Accounting Firm, or Financial Advisor to assist you with your Providence, Rhode Island tax reporting, bookkeeping, financial planning, or general accounting needs? You have definitely come to the right place! Check out the CPA Search feature on this website.