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The Tax Assessors Office functions under the laws of Rhode Island and Ordinances established by the Newport City Council.
According to Rhode Island General Law, all property subject to taxation shall be assessed at its Fair Market Value. Assessments estimate the Fair Market Value each December 31st. Fair Market Value is defined as the price at which a property would transfer between knowledgeable unrelated parties, after reasonable exposure to the public, and without undue influence. Actual sale prices form the basis for this analysis.
The last revaluation of property in Newport was done as of 12/31/2017. These values were presumed to be 100% of Fair Market Value as of that date. Currently, parcel data is being hosted on the Northeast Revaluation Group's web site (click here).
Residential: $10.28 per thousand.
Commercial: $15.42 per thousand.
Motor Vehicles: $23.45 per thousand.
Tangible Personal Property: $15.42 per thousand
43 Broadway, Newport, RI 02840
Phone: (401) 845-5300 (M-F 8:30 am - 4:30 pm)
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