Since expenses should be roughly proportional to population size, it makes sense to look at assessed value per capita when comparing tax rates.
By this measure, East Greenwich is not particularly wealthy, ranking 11th.
Barrington ranks 10th.
Many shorefront communities have between two and nine times as much assessed property value per resident as East Greenwich.
This is the main reason why their tax rates are so much lower.
A dollar on the tax rate always produces a levy or revenue equal to 1/10th of 1 percent of assessed value.
So a dollar on the tax rate in East Greenwich produces $2.8 million in revenue, while a dollar on the tax rate in Narragansett produces $6.1 million.
This allows Narragansett to cover the expenses for its population, which is only slightly larger that that of East Greenwich, with fewer dollars on the tax rate.
Town | Population | FY2022 Assessed Value | FY2022 Assessed Value per Capita | FY2022 Residential Tax Rate | Revenue Produced by $1 on Tax Rate |
---|---|---|---|---|---|
New Shoreham | 916 | $1,697,744,297 | $1,853,433 | $6.86 | $1,697,744 |
Little Compton | 3,489 | $2,235,871,379 | $640,834 | $6.04 | $2,235,871 |
Jamestown | 5,493 | $2,676,518,279 | $487,260 | $8.28 | $2,676,518 |
Narragansett | 15,501 | $6,091,459,767 | $392,972 | $8.86 | $6,091,460 |
Barrington | 16,133 | $3,483,815,256 | $215,953 | $19.15 | $3,483,815 |
East Greenwich | 13,081 | $2,764,243,129 | $211,317 | $21.01 | $2,764,243 |
Providence | 179,484 | $11,590,684,014 | $64,578 | $24.56 | $11,590,684 |
Central Falls | 19,417 | $574,255,133 | $29,575 | $23.76 | $574,255 |
Town | Pupils (RADM) | Fy2022 State Aid | Residential Rate | Adjusted Rate |
---|---|---|---|---|
Central Falls | 2,733 | $38,557,253 | $23.76 | $110.94 |
Providence | 21,968 | $272,489,702 | $24.56 | $65.26 |
West Warwick | 3,607 | $30,857,785 | $23.17 | $40.54 |
East Greenwich | 2,572 | $4,305,850 | $21.01 | $22.97 |
Lincoln | 3,179 | $15,940,955 | $20.29 | $30.49 |
Coventry | 4,502 | $24,066,104 | $19.40 | $26.76 |
Barrington | 3,416 | $7,924,118 | $19.15 | $21.63 |
Warwick | 8,615 | $39,218,717 | $18.73 | $24.14 |
Cranston | 10,166 | $68,482,484 | $18.00 | $27.97 |
North Kingstown | 3,747 | $11,216,037 | $17.50 | $20.56 |
Pawtucket | 8,585 | $95,061,517 | $16.58 | $40.27 |
Cumberland | 4,593 | $20,401,578 | $14.74 | $20.54 |
Town | Pupils (RADM) | Population | Pupils per Capita | Residents per Pupil |
---|---|---|---|---|
Barrington | 3,416 | 16,133 | 0.21 | 4.7 |
East Greenwich | 2,572 | 13,081 | 0.20 | 5.1 |
Lincoln | 3,179 | 21,730 | 0.15 | 6.8 |
North Kingstown | 3,747 | 26,232 | 0.14 | 7.0 |
Coventry | 4,502 | 34,631 | 0.13 | 7.7 |
Cumberland | 4,593 | 34,844 | 0.13 | 7.6 |
West Warwick | 3,607 | 28,941 | 0.12 | 8.0 |
Jamestown | 655 | 5,493 | 0.12 | 8.4 |
Smithfield | 2,378 | 21,693 | 0.11 | 9.1 |
Warwick | 8,615 | 80,999 | 0.11 | 9.4 |
Narragansett | 1,211 | 15,501 | 0.08 | 12.8 |
Statewide | 128,980 | 1,057,436 | 0.12 | 8.2 |
Data Element | Source |
---|---|
Tax Rates | RI Division of Municipal Finance - Tax Rates |
Assesed Values | RI Division of Municipal Finance - Assessed Values and Levies |
Tax Levies | RI Division of Municipal Finance - Assessed Values and Levys |
Population | Derived from Municipal Total and Levy Per Capita on the Levy report (Divide Municipal Total by Levy Per Capita) |
State Education Aid | RI Department of Education - Funding Formula Supporting Calculations and Documents |
Number of Students | RI Department of Education - Funding Formula Supporting Calculations and Documents |
The computations were done with this Jupyter notebook